The latest World Bank review of policies and institutions in Sub-Saharan Africa shows an overall stable environment for growth and poverty reduction despite divergence across countries. The review is part of the annual World Bank Country Policy and Ins…
A group of Egyptian civil society organizations have submitted their recommendations to the World Bank as input to Phase 1 of the Social and Environmental Safeguard policy review process. The document was endorsed by many of the same organizations that pushed the Bank to hold a civil society consultation in Cairo since such a meeting had not originally been scheduled to take place. In the submission, the groups emphasized the need for transparency, shared responsibility and accountability between the Bank and borrowing governments, and the need for the Bank to align its standards with those of international standards and conventions, while remembering that safeguards should contribute to the Bank’s overarching goal of reducing poverty.
A group of Egyptian civil society organizations have submitted their recommendations to the World Bank as input to Phase 1 of the Social and Environmental Safeguard policy review process. The document was endorsed by many of the same organizations that pushed the Bank to hold a civil society consultation in Cairo since such a meeting had not originally been scheduled to take place. In the submission, the groups emphasized the need for transparency, shared responsibility and accountability between the Bank and borrowing governments, and the need for the Bank to align its standards with those of international standards and conventions, while remembering that safeguards should contribute to the Bank’s overarching goal of reducing poverty.
The US Agency for International Development has been trying in the past two years to increasingly alleviate the poverty in the Middle East. In the course of this approach, Arab Non-profit organisations was forced to rethink their strategic orientation …
World Bank has published a new book concerning Takaful and Mutual Insurance. The book shall increase the understanding, appreciation, and discussion of the challenges and solutions which concern development and implementation of takaful.
Source:…
CEO of AlHuda Centre of Islamic Banking and Economics – Zubair Mughal – explained at an International Microfinance Conference in at an International Microfinance Conference that in the time of the global financial crisis even developed countries are ma…
A Memorandum of Understanding (MoU) has been signed by the World Bank and the Islamic Development Bank (IDB). It will provide a framework for collaboration between the two parties and support global, regional and country efforts in the development of I…
An agreement was signed by Al Baraka Banking Group with the World Bank in order to launch joint programmes under a set of new Shari’ah-compliant finance initiatives.
The programmes have the purpose to foster sustainable development of Islamic economics…
The World Bank Group, in partnership with the Islamic Development Bank (IDB), is setting up a regional initiative that could raise up to $1 billion to close the Mena infrastructure gap, which will undermine the region’s growth if not addressed.
Private…
The World Bank is to set up a regional $1bn development fund in cooperation with the Islamic Development Bank (IDB) to close the infrastructure gap in the Middle East and North Africa region, Gulf News has reported. “This regional initiative will unloc…
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