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Arab Coordination Group (ACG)

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    • Arab Coordination Group and Government of Azerbaijan Strengthen Strategic Development Partnership
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Source: Arab Coordination Group (ACG) |

Arab Coordination Group and Government of Azerbaijan Strengthen Strategic Development Partnership

Discussions focused on strengthening cooperation in infrastructure development, energy transition, digital connectivity, and the water and transport sectors as key drivers of inclusive and sustainable growth

The Arab Coordination Group (ACG) (https://TheACG.org/) institutions gathered in Baku for a High-Level Roundtable with the Government of the Republic of Azerbaijan, hosted by H.E. Mr. Mikayil Jabbarov, Minister of Economy, to explore new avenues for cooperation and advance joint development initiatives. The Roundtable brought together the leadership of the…

Islamic Corporation for the Development of the Private Sector (ICD)
Source: Islamic Corporation for the Development of the Private Sector (ICD) |

Turan Bank Azerbaijan Signs $15 Million Line of Financing Agreement with the Islamic Corporation for the Development of the Private Sector (ICD)

The agreement was signed by Dr Khalid Khalafallah, Acting CEO of ICD, and Orkhan Garayev, Chairman of the Management Board of Turan Bank

Turan Bank, a leading player in Azerbaijan’s banking sector recognized for its strong international partnerships, has signed a financing agreement with the Islamic Corporation for the Development of the Private Sector (ICD) (https://ICD-ps.org), the private sector arm of the Islamic Development Bank (IsDB) Group. Under this agreement, ICD will extend…

Ministry of Planning, Economic Development, and International Cooperation - Egypt
Source: Ministry of Planning, Economic Development, and International Cooperation - Egypt |

Minister of Planning, Economic Development, and International Cooperation Discusses Preparations for the Upcoming Session of the Egypt–Azerbaijan Joint Committee with Deputy Foreign Minister of Azerbaijan

The Minister of Planning, Economic Development and International Cooperation also highlighted the successful visit of Mr. Ilham Aliyev, President of the Republic of Azerbaijan, to Egypt from 7–8 June 2024

Convening the Egypt–Azerbaijan Business Forum to create close ties Between the Private Sectors of Both Countries H.E. Dr. Rania Al-Mashat, Minister of Planning, Economic Development, and International Cooperation, received Mr. Yalchin Rafiyev, Deputy Minister of Foreign Affairs of the Republic of Azerbaijan, to discuss enhancing avenues of economic and investment…

Ministry of Foreign Affairs and Tourism, Republic of Seychelles
Source: Ministry of Foreign Affairs and Tourism, Republic of Seychelles |

President Ramkalawan extends heartfelt condolence to the President of Azerbaijan in light of the recent plane crash

Mr. Wavel Ramkalawan, expressed his condolence to H.E. Ilham Aliyev, the President of the Republic of Azerbaijan

Following the tragic incident involving the Azerbaijan Airlines plane that resulted in fatalities, the President of the Republic of Seychelles, Mr. Wavel Ramkalawan, expressed his condolence to H.E. Ilham Aliyev, the President of the Republic of Azerbaijan. In his message, President Ramkalawan, stated: “I was deeply saddened to learn of…

Islamic Corporation for the Development of the Private Sector (ICD)

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    • Islamic Corporation for the Development of the Private Sector (ICD) Leads Key Discussions on Sustainable Development and Green Finance at Conference of the Parties (COP29) (1)
    • Islamic Corporation for the Development of the Private Sector (ICD) Leads Key Discussions on Sustainable Development and Green Finance at Conference of the Parties (COP29) (2)
    • Islamic Corporation for the Development of the Private Sector (ICD) Leads Key Discussions on Sustainable Development and Green Finance at Conference of the Parties (COP29) (3)
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Source: Islamic Corporation for the Development of the Private Sector (ICD) |

Islamic Corporation for the Development of the Private Sector (ICD) Leads Key Discussions on Sustainable Development and Green Finance at Conference of the Parties (COP29)

On November 18, ICD organized a session on financing women and youth-led businesses in post-conflict regions

The Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-ps.org), part of the Islamic Development Bank (IsDB) Group, hosted several high-level sessions at COP29 in Baku, focusing on sustainable economic development, climate finance, and the private sector's role in green growth. On November 18, ICD organized a session…

African Development Bank Group (AfDB)

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    • (left)Celeste Saulo, Secretary-General World Meteorological Organization Co-Chair SOFF Steering Committee and AfDB VP Kevin Kariuki SOFF and the Bank agreed to strengthen collaboration on the provision of early warning systems on the continent. Baku, November 2024
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Source: African Development Bank Group (AfDB) |

African Development Bank, Systematic Observations Financing Facility (SOFF) sign Letter of Intent to support Africa’s low-income countries to achieve effective multi-hazard early warning systems

Both organizations are committed to providing resources to support the activities outlined in the Letter of Intent

The African Development Bank Group (www.AfDB.org) and the Systematic Observations Financing Facility (SOFF), a United Nations Multi-Partner Trust Fund, today signed a letter of intent to strengthen collaboration on the provision of early warning systems in the continent’s most vulnerable countries. The agreement, signed on the margins of the 29th…

Symposium of Episcopal Conferences of Africa and Madagascar (SECAM)
Source: Symposium of Episcopal Conferences of Africa and Madagascar (SECAM) |

Symposium of Episcopal Conferences of Africa and Madagascar (SECAM) urges African leaders and the international community to fulfill their commitments to climate justice

As COP29 takes place in Baku, Azerbaijan, from November 11 to 22, 2024, world leaders are urged to maintain the momentum established at COP28

The Justice, Peace, and Development Commission of SECAM (www.SECAM.org), in collaboration with its Environment and Climate Change Working Group, is urging African leaders and the international community to prioritise public investment, improve energy infrastructure, and fulfill their commitments to climate justice and funding. These actions are vital for meeting the…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Speech Delivered by Dr. Akinwumi A. Adesina, President and Chairman, Boards of Directors, African Development Bank Group at the High-Level Event, 29th Conference of the Parties (COP 29) “Measuring the Green Wealth of Nations: Natural Capital and Economic Productivity in Africa”

When the value of Africa’s vast forest and environmental services, and natural capital, are properly valued, the size of its rebased GDP taking this into account will be much higher

Your Excellency, President Sassou Nguesso, President of the Republic of Congo Your Excellencies, Heads of State and Government Your Excellencies, Vice Presidents, Prime Ministers Your Excellencies, ladies and gentlemen. I wish to thank you all for taking the time to be here today for the Heads of State High-Level Dialogue…

African Development Bank Group (AfDB)

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    • African Development Bank President Akinwumi Adesina (far left) with UK PM Keir Starmer, CIF CEO Tariye Gbadegesin, World Bank President Ajay Banga at COP 29. Baku, November 2024
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Source: African Development Bank Group (AfDB) |

Climate Investment Funds Capital Markets Mechanism announces bond listing on London Stock Exchange (LSE) to boost climate finance for Africa

First time a multilateral climate fund will use the strength of its balance sheet to unlock urgently needed climate finance – Dr. A Adesina, African Development Bank President

The Climate Investment Funds Capital Markets Mechanism (CCMM) has announced its bond listing programme (https://apo-opa.co/3CsQ7qw) on the London Stock Exchange, a move that will help to raise new climate finance at-scale from the international capital markets, for Africa and the developing world. The announcement was made on Tuesday 12 November, at a…

Afreximbank

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    • Afreximbank asserts Africa’s climate position at the Conference of the Parties (COP29); advocates for a just and equitable energy transition for economic development
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Source: Afreximbank |

Afreximbank asserts Africa’s climate position at the Conference of the Parties (COP29); advocates for a just and equitable energy transition for economic development

A primary objective of the Bank will be to advocate for the swift operationalization of the Loss and Damage Fund, which provides financial support to countries suffering from climate-related losses

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) is participating at COP29 in Baku, Azerbaijan, where it is doubling-down on its commitment to facilitating a just energy transition for Africa that supports the continent’s critical development needs and unlocks its economic potential. The Bank’s participation will align with the African Union’s Nairobi Declaration…