Jordan Participates in the Annual Meeting of the Board of Governors of the Islamic Development Bank Group in Algeria

The Minister of Planning and International Cooperation, Zeina Toukan, headed the Jordanian delegation participating in the 2025 Annual Meeting of the Islamic Development Bank Group (IsDB) Board of Governors as Jordan’s Governor alongside Dr. Adel Sharkas Jordan’s Alternate Governor. The meeting was held in Algeria under the patronage of President Abdelmadjid Tebboune under the theme "Economic Diversification: Enriching Lives.”

Commenting on Jordan’s participation, Minister Toukan stated: “These meetings provide a vital platform for discussing development priorities in member countries and forging partnerships with the IsDG, supported by innovative financial instruments, including Islamic financing for both the public and private sectors, as well as technical assistance and enhanced South-South cooperation. 

During the meetings, IsDB’s annual reports for the 2024 fiscal year were reviewed, and the Strategic Framework (2026-2035) was approved. The Framework outlines the Bank’s vision, objectives, and strategies for the specified period, focusing on achieving sustainable development in member countries and Islamic communities worldwide. 

The Minister also participated in the Governors’ Roundtable, titled "Bridging the Gap: Multilateralism, Trade Dynamics, and the Future of Development Finance." The session focused on key shifts impacting the global aid landscape, advancing global collaboration in development financing, fostering a fairer and more resilient financial system, and strengthening South-South cooperation as a driver of inclusion, resilience, and shared prosperity.

On the sidelines of the meetings, Minister Toukan met with Dr. Muhammad Al Jasser, President of IsDB, to discuss future priorities, including new initiatives on economic empowerment in line with the Economic Modernization Vision and the Bank’s support to the National Water Conveyance Project. She emphasized the importance of the $200 million Emergency Food Security Project (Phase II), signed in March, which aims to strengthen grain reserves and enhance agricultural production chains. The program is set to launch at a workshop in Amman on May 28-29. 

As one of Jordan’s partners, the IsDB Group has provided $1.3 billion in concessional financing, soft loans, and grants, to implement a number of economic and development projects since 1975. The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) has facilitated $8 billion in operations. The International Islamic Trade Finance Corporation (ITFC) has carried out transactions worth $921.5 million, covering crude oil imports, petroleum products, pharmaceutical raw materials, and industrial inputs. The Islamic Corporation for the Development

of the Private Sector (ICD) has contributed $84.8 million to support key sectors, including education, healthcare, agribusiness, and financial institutions.