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

The Islamic Development Bank (IsDB) group approved a new 10-year strategic framework for 2026–2035, outlining its priorities for development engagement with its 57 member countries. The announcement was made after the 2025 IsDB group annual meetings held in Algiers, under the theme “Diversifying Economies, Enriching Lives.”

The framework will be delivered through two five-year strategies for each of the group’s entities and will focus on three levels of engagement: national, regional, and global. It aims to enhance support for country-led development, strengthen regional knowledge-sharing platforms, and position the group as a leading international hub for Islamic economics and finance.

Describing the new strategy as a balanced, phased transformation designed to increase impact, IsDB chairman Dr. Muhammad Al Jasser added that the framework reflects the outcomes of key stakeholder consultations, including the “In Riyadh at Fifty Declaration” and the governors’ retreat held in Madinah in January.

The Algiers meetings attracted over 4,000 delegates from 89 countries and 70 institutions, including ministers, central bank governors, private sector representatives, and development experts. During the sessions, the IsDB Group signed 70 agreements with 26 member countries, amounting to nearly $5 billion in new commitments across a range of development sectors.

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.