IDB and UNDP agree to deepen cooperation
The Islamic Development Bank signed a three-year agreement Friday with the United Nations Development Programme to deepen the long-standing collaboration between the two organizations. The statement of intent, on disaster recovery and reduction, was signed by UNDP Administrator Helen Clark and Islamic Development Bank President Dr. Ahmad Mohamed Ali AI-Madani at a meeting in New York.
The agreement focuses on support to the immediate needs and the sustainable socio-economic recovery of people and communities affected by natural and man-made disasters. That accord also emphasizes strengthening the capacities of regional, national and local institutions for disaster risk reduction, early warning and preparedness, management and disaster response.
At the meeting, Ms. Clark and Dr. Ali stressed the need to capitalize on the success of the previous cooperation between UNDP and IDB in the occupied Palestinian territory where more than USD 118.4 million has been delivered on reconstruction and recovery programmes. Moving forward, it is expected that particular focus will be placed on Somalia and Palestine, while collaboration will be explored in West Africa, the Middle East and Central and Southeast Asia.
IDB is a multi-lateral development institution with membership of 56 developing countries. The purpose of the Bank is to foster the economic development and social progress of member countries and Muslim communities.
UNDP is the United Nations' global development network, an organization advocating for change and connecting countries to knowledge, experience and resources to help people build a better life.