Showing posts with label ISDF. Show all posts
Showing posts with label ISDF. Show all posts

ISDF- International Solidarity Fund for Development

ISDF- International Solidarity Fund for Development

Background:

The decision to establish the Islamic Solidarity Fund for Development (ISFD) was reached by the Third Extraordinary Session of the OIC Summit held in Makkah Al-Mukarramah on 05-06 Dhul Qadah, 1426H (07-08 December, 2005). The Summit decided to establish a special fund within the IDB with a view to: 
(a) reduce poverty,
(b) build the productive capacities of member countries,
(c) reduce illiteracy, and
(d) eradicate diseases and epidemics, particularly Malaria, Tuberculosis (TB) and HIV/AIDS.

Official Launching:

The ISFD was officially launched during the 32nd Meeting of the IDB Board of Governors (BOG), held on 30 May, 2007 in Dakar, Senegal.