Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

IDB, World Bank to partner in development  Join our daily free Newsletter

MENAFN - Kuwait News Agency (KUNA) - 03/06/2014
No. of Ratings : 0
Add to Mixx!


(MENAFN - Kuwait News Agency (KUNA)) Presidents of Islamic Development Bank (IDB) and World Bank, Dr. Ahmad Mohammad Ali and Jim Kim respectively, agreed to build a bilateral partnership geared to promote development in various fields particularly education.

The two institutions will work out a program for reviewing the educational systems of their member states, according to a statement released by the IDB after the meeting of the two men on Monday.

During his visit to the IDB headquarters in Jeddah, Kim was briefed in detail on the achievements, programs and future plans of the IDB Group.

He commended the achievements of the Group and invited Dr. Ali to join him and the UN Secretary General Ban Ki-moon on a visit to Somalia next year.

The visit, the first such joint mission, aims to coordinate the development efforts in the Arab country, the statement noted.

Kim and . Ali reviewed the progress of cooperation between their two groups and highlighted the need to scale up financing for development in the Arab countries particularly those undergoing transition.


They also discussed the Deauville Partnership with Arab Countries in Transition, an international effort launched by the then G-8 at the Leaders Meeting in Deauville, France in 2011.

The IDB and the World Bank highlighted the need to join forces in the combat against such epidemics as malaria and polio, intensify support to the developing countries in Africa, back up the regional integration endeavors, improve the Islamic banking system, and support the private sector in their member states. Cooperation between the two institutions dates back to 1976 which they agreed to jointly pump up to USD seven billion into more than 70 development projects in 26 countries in Africa, the Middle East and Asia.

 


Kuwait News Agency (KUNA)




  MENA News Headlines
 Dec 7 2016 - Qatar- Armed groups take control of Libyan town of Ben Jawad, close to major oil portsThe Peninsula
(MENAFN - The Peninsula) BENGHAZI, Libya: Armed groups took control on Wednesday of the Libyan town of Ben Jawad, close to some of Libya's major eastern oil ports, security officials said. Miftah ...

 Dec 7 2016 - Israeli missiles hit near airbase outside Damascus: Syria mediaThe Peninsula
(MENAFN - The Peninsula) Damascus: Several Israeli missiles struck the notorious Mazzeh airbase outside Damascus overnight without causing any casualties, Syrian state media reported on Wednesday. ...

 Dec 7 2016 - Turkey says pushing Aleppo talks between Russia, Syria oppositionThe Peninsula
(MENAFN - The Peninsula) Moscow:Ankara is doing "everything possible" to facilitate negotiations between Moscow and Syrian opposition groups to halt the bloodshed in Aleppo, Turkey's ...

 Dec 7 2016 - Syria rebels call for Aleppo truce, civilian evacuationThe Peninsula
(MENAFN - The Peninsula) Aleppo, Syria:Syrian rebels in Aleppo city called Wednesday for an immediate five-day truce and the evacuation of civilians to other opposition-held territory in the northern ...

 Dec 7 2016 - Arab Palestinian Investment Company - APIC Achieves Net Profits of USD6.28 Million in the First Half of 2016MENAFN Press
(MENAFN Press) Tarek Aggad, Chairman and CEO of Arab Palestinian Investment Company - APIC, said that the group achieved net profits after tax of USD6.28 million. Net profit attributed to APIC's ...

 Dec 7 2016 - The Dubai Summer Pass: City Entertainment Offer Proves a Great SuccessMENAFN Press
(MENAFN Press) Now in its 18th year, the "Dubai Summer Surprises" campaign is the highlight of the city's summer calendar, with events and activities for the whole family. As part of this campaign ...

 Dec 7 2016 - Kuwait- His Highness the Amir thanks Bahraini King on warm hospitalityKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, Dec 7 (KUNA) -- His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah has cabled Bahrain's King Hamad bin Isa Al-Khalifa expressing deep gratitude ...

 Dec 7 2016 - Greenback slide resumes on disappointing Fed minutes Japan’s verbal intervention falling on deaf earsMENAFN Press
(MENAFN Press) Dollar bulls were clearly uninspired by July’s Federal Reserve’s minutes released on Wednesday as participants remained divided over when to move interest rates. According to the ...

 Dec 7 2016 - Kuwait- His Highness the Amir departs BahrainKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) MANAMA, Dec 7 (KUNA) -- His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, along with his official delegation, departed the Kingdom of Bahrain on ...

 Dec 7 2016 - Kuwait insists on plan to provide 15 pct of energy out of renewable energyKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) AMMAN, Dec 7 (KUNA) -- The State of Kuwait is resolved to go ahead with its strategy to provide 15 percent of its energy needs out of renewable energy by 2030, an ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help