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Islamic Development Bank (IsDB) Group Private Sector Institutions Hosted the Private Sector Forum 2021

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  All IsDB Group entites are catalysts of development TASHKENT Uzbekistan September 6 2021 APO Group The private sector institutions of the Islamic Development Bank IsDB Group www IsDB org the Islamic Corporation for the Insurance of Investment and Export Credit ICIEC the Islamic Corporation for the Development of the Private Sector ICD and the International Islamic Trade Finance Corporation ITFC in cooperation with IsDB Group Business Forum THIQAH organized the Private Sector Forum on September 2 2021 in Tashkent the Republic of Uzbekistan in conjunction with the 46th Annual Board of Governors Meeting of the Islamic Development Bank Group under the theme Respond Restore Restart Post COVID Resilience and Prosperity for all The Private Sector Forum highlighted the IsDB Group activities services initiatives and joint solutions in member countries on the investment trade and insurance fronts The Private Sector Forum provided a unique platform to network and establish business relations and partnerships with other leading representatives and stakeholders from the business community to share their related experience success stories and best practices while jointly exploring the investment and trade opportunities offered by CIS countries Furthermore the forum connected business communities in member countries by arranging parallel B2B and B2G scheduled meetings H E Dr Muhammad Al Jasser Chairman of IsDB said All IsDB Group entites are catalysts of development Every dollar spent by them brings more activities I invite you to take advantage of the technical know how present here Private sector has a huge role to play in rebooting economies and buildingback better The Forum discussed the future outlook to overcome the COVID 19 pandemic In addition the Forum highlighted the IsDB Group s US 2 3 billion Strategic Preparedness and Response Program SPRP for COVID 19 under its 3Rs approach Respond Restore and Restart Key outcomes from this session noted considerable progress in terms of launching and implementing the projects involving the growth of trade investment and insurance in member countries The sessions also addressed the key challenges limiting the business community and concerned trade and investment authorities of the countries in both CIS and other member countires by nurturing an environment where the parties can benefit from the opportunities that exist In his opening address Mr Oussama Kaissi said The pandemic is not yet over but one thing we are certain of is that ICIEC will continue supporting its member countries through its full suite of Shariah compliant credit and political risk mitigation solutions to overcome this crisis together and adjust to the new collective reality stronger and more resilient than before Eng Hani Salem Sonbol said In line with its pandemic Response Plan ITFC allocated 1 1 billion of financing and launched several development programs to support member countries recovery that targeted improving food security building resilience and supporting the health and export sectors Out of the 1 1 billion approved around 400 million was directed to SMEs reflecting the focus on supporting SMEs recovery sustaining agriculture value chains and building capacities Mr Ayman Sejiny said The IsDB Group Strategic Preparedness and Response Facility can underpin our joint efforts to not only cope with the crisis but to overcome it with a concrete actionable blueprint ICD s geographical outreach across 55 member countries along with its network of over 100 financial institutions and 5 regional offices and their local linkages has doubled our collective capabilities and potential to efficiently mitigate the pandemic s short term fallout This collaborative facility is the first of its kind and designed to unite the power of the public and private sectors to serve humanity in times of emergency The Forum gathered more than 1 000 participants from multiple sectors across the globe such as government officials Chairmen Presidents amp CEOs of local and international companies multilateral and financial institutions Chambers of Commerce amp Industry business associations investment promotion agencies individual investors entrepreneurs hundreds of policy and decision makers as well as their Excellencies the Governors of the Islamic Development Bank
Islamic Development Bank (IsDB) Group Private Sector Institutions Hosted the Private Sector Forum 2021

All IsDB Group

All IsDB Group entites are catalysts of development

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TASHKENT, Uzbekistan, September 6, 2021/APO Group/ —

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Islamic Development Bank

The private sector institutions of the Islamic Development Bank (IsDB) Group (www.IsDB.org): the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), the Islamic Corporation for the Development of the Private Sector (ICD), and the International Islamic Trade Finance Corporation (ITFC) in cooperation with IsDB Group Business Forum (THIQAH) organized the “Private Sector Forum” on September 2, 2021, in Tashkent – the Republic of Uzbekistan, in conjunction with the 46th Annual Board of Governors Meeting of the Islamic Development Bank Group, under the theme “Respond, Restore, Restart: Post-COVID Resilience and Prosperity for all”.

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Private Sector Forum

The Private Sector Forum highlighted the IsDB Group activities, services, initiatives and joint solutions in member countries on the investment, trade and insurance fronts. The Private Sector Forum provided a unique platform to network and establish business relations and partnerships with other leading representatives and stakeholders from the business community to share their related experience, success stories and best practices, while jointly exploring the investment and trade opportunities offered by CIS countries. Furthermore, the forum connected business communities in member countries by arranging parallel B2B and B2G scheduled meetings.

Muhammad Al

H.E. Dr. Muhammad Al Jasser Chairman of IsDB said “All IsDB Group entites are catalysts of development. Every dollar spent by them brings more activities. I invite you to take advantage of the technical know-how present here. Private sector has a huge role to play in rebooting economies and buildingback better.”

IsDB Group

The Forum discussed the future outlook to overcome the COVID-19 pandemic. In addition, the Forum highlighted the IsDB Group’s US$ 2.3 billion Strategic Preparedness and Response Program (SPRP) for COVID-19 under its 3Rs approach “Respond, Restore and Restart”.

Key outcomes from this session noted considerable progress in terms of launching and implementing the projects involving the growth of trade, investment and insurance in member countries. The sessions also addressed the key challenges limiting the business community and concerned trade and investment authorities of the countries in both CIS and other member countires by nurturing an environment where the parties can benefit from the opportunities that exist. 

Oussama Kaissi

In his opening address, Mr. Oussama Kaissi, said: “The pandemic is not yet over, but one thing we are certain of is that ICIEC will continue supporting its member countries through its full suite of Shariah-compliant credit and political risk mitigation solutions to overcome this crisis together and adjust to the new collective reality, stronger and more resilient than before.”  

Hani Salem Sonbol

Eng. Hani Salem Sonbol said: “In line with its pandemic Response Plan, ITFC allocated $1.1 billion of financing and launched several development programs to support member countries’ recovery that targeted improving food security, building resilience, and supporting the health and export sectors. Out of the $1.1 billion approved, around $400 million was directed to SMEs, reflecting the focus on supporting SMEs recovery, sustaining agriculture value chains and building capacities. ”

Ayman Sejiny

Mr. Ayman Sejiny said “The IsDB Group ‘Strategic Preparedness and Response Facility’ can underpin our joint efforts to not only cope with the crisis, but to overcome it with a concrete, actionable blueprint. ICD’s geographical outreach across 55 member countries, along with its network of over 100 financial institutions and 5 regional offices and their local  linkages, has doubled our collective capabilities and potential to efficiently mitigate the pandemic’s short-term fallout. This collaborative facility is the first of its kind and  designed to unite the power of the public and private sectors to serve humanity in times of emergency.”

Chambers of Commerce

The Forum gathered more than 1,000 participants from multiple sectors across the globe such as government officials, Chairmen, Presidents & CEOs of local and international companies, multilateral and financial institutions, Chambers of Commerce & Industry, business associations, investment promotion agencies, individual investors, entrepreneurs, hundreds of policy and decision-makers, as well as their Excellencies the Governors of the Islamic Development Bank.

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