IsDB signs 70 agreements worth nearly $5 billion with member countries at Algiers summit

The Islamic Development Bank (IsDB) Group signed 70 agreements with 26 member countries during its 2025 annual meetings in Algiers, securing nearly $5 billion in new commitments across development sectors including infrastructure, education, and energy.

Held under the theme “Diversifying Economies, Enriching Lives,” the meetings drew more than 4,000 delegates from 89 countries and 70 institutions, including ministers, central bank governors, private sector leaders, and development experts. The event featured a range of activities, including technical workshops, a governors’ roundtable, and the IsDB Private Sector Forum.

During the summit, the IsDB Group also unveiled its new 10-year strategic framework for 2026–2035. The strategy outlines priorities for engagement across its 57 member countries and will be delivered through two five-year implementation plans tailored to each of the group's entities.

Focusing on national, regional, and global levels of engagement, the framework aims to enhance country-led development initiatives, build regional knowledge-sharing platforms, and further position the Group as a global hub for Islamic economics and finance.

The event also featured the governors’ roundtable, technical workshops, and the flagship private sector forum. In a closing announcement, Dr. Al Jasser confirmed that Baku, Azerbaijan, will host the 2026 IsDB group annual meetings.