Bangkok:Chairman of the Islamic Development Bank (IsDB) Group, Dr. Muhammad Al Jasser, and Mozambique's Minister of Finance, Carla Alexandra Oreste do Rosário Fernandes Loveira, met on the sidelines of the World Bank Group and International Monetary Fund (IMF) annual meetings. Their bilateral talks centered on fortifying their partnership and increasing the IsDB Group's support for Mozambique's national development goals.
According to Saudi Press Agency, Dr. Al Jasser expressed the IsDB Group's dedication to Mozambique's development initiatives, emphasizing readiness to back projects that enhance human capital and climate-resilient infrastructure. This commitment aligns with Mozambique's national priorities and the IsDB Group's 10-year strategic framework. He noted the beneficial outcomes of collaborative efforts in expanding energy access and improving the health and education sectors.
Additionally, both parties assessed progress in crafting a new Member Country Partnership Strategy (MCPS). This strategy is anticipated to provide a structured approach to deepening cooperation and pinpointing key areas for future actions.
The meeting also explored potential financing avenues, including blended and concessional financing solutions, aimed at supporting Mozambique's essential development priorities, with a focus on social sectors and infrastructure development.