President of Indonesia expresses his full support to the Islamic Solidarity Fund for Development (ISFD)

A delegation comprised of H.E. Bahruddin Yousef Habibi Former President of Indonesia, H.E. Dr. Abdulrahman Swar Al-Dahab Former President of Sudan member of the Advisory Panel and H.E. Dr. Ahmed Mohamed Ali, President of the IDB.

Have visited the President of Indonesia in a bid to mobilize resources for the newly established Islamic Solidarity Fund for Development (ISFD) before the upcoming Organization of Islamic Countries (OIC) summit next week in Dakar, Senegal. The President expressed his utmost support to the ISFD for its noble objectives. The President also expressed his willingness to share Indonesia’s experience in poverty alleviation, improving living conditions, job creation and technical training.

The ISFD initiative goes back to the OIC extraordinary summit held in Makkah, Saudi Arabia, in December 2005 within the Ten-Year Program of Action adopted by OIC. IDB was entrusted with establishing the fund. The fund was formally adopted by IDB Board of Governors during the annual meeting last May in Dakar with a US$10 billion target. Already US$2.6 billion were contributed from 31 member countries and IDB resources.