Page 63 - ICD AR21 EN

5.9 THE ISDB GROUP
STRATEGY UPDATE EXERCISE
Taking on board the input from the Board of Governors’ Roundtable that took place during the 46th Annual Meeting in Tashkent, Uzbekistan, the President of the Islamic Development Bank (IsDB) and Group Chairman H.E Dr. Muhammad Al Jasser launched a new initiative to update and reinvigorate the IsDB Group (IsDBG) 10-Year Strategic Framework for the remaining period (2022-2025) to better align it with member countries’ development priorities. As an outcome of this exercise, an Updated Strategy will be prepared, which will concomitantly guide the preparation and formulation
of the 2022 Annual Work Program (AWP) and provide the underpinning for the 2023-2025 Integrated Work Program (IWP). Three focus areas have been endorsed to guide the IsDB Group in its strategy realignment, while a high priority has been assigned to developing sustainable infrastructure and inclusive human capital as foundational pillars for the future.
THREE FOCUS AREAS FORTHE IsDB GROUP STRATEGY REALIGNMENT
BOOSTING TACKLING INCREASING COVID-19 RECOVERY POVERTY AND BUILDING
The IsDB Group 10-Year Strategic Framework was
first formulated in 2015, which coincided with the
year the Sustainable Development Goals (SDGs) were adopted globally. However, the current global landscape necessitates the timely review and consolidation of
the SDGs to ensure that crucial targets can be realized by 2030. Therefore, it is envisaged that the renewed strategies and interventions resulting from this exercise will allow the IsDB Group to become more relevant
and responsive to the growing demands of its member countries and effectively address key challenges such as technological transformations, issues related to climate change and more.
OUR PEOPLE
RESILIENCE
DRIVING GREEN ECONOMIC GROWTH
STRONGER TOGETHER 61