Islamic Development Bank., D-8 sign MoU on Cooperation

Abuja   –     The Islamic Development Bank and the D-8 organisation have signed a Memorandum of Understanding (MoU) to enhance development efforts and joint expertise, knowledge and resources for the socio-economic development of the countries.

The MoU was signed on Friday in Istanbul during the ninth summit of the D-8, which was attended by President Muhammadu Buhari and other D-8 leaders.

It was signed in the presence of the D-8 leaders, who attended the summit with the theme ‘Expanding Opportunities through Cooperation’.

According to statement issued by the Bank after the signing ceremony, Islamic Development Bank Group will work with the Developing-8 Organisation for Economic Cooperation to promote sustained economic growth in the member states of the D-8.”

The Bank explained that the agreement foresees possible cooperation in the identification and implementation of joint programmes and projects in the fields of transportation, trade, investment, Islamic finance, energy, industry and small and medium-sized enterprises.

Also, the agreement will pave the way for D-8 member countries to undertake joint programmes in agriculture, food security, tourism, science, education and establishment of data banks.

It also envisages the exchange of knowledge and information on commercial issues and the Islamic Development Bank will also consider the allocation of scholarships for students from D-8 states.

The D-8 was established on June 15, 1997, consisting of eight emerging economies – Nigeria, Bangladesh, Egypt, Indonesia, Iran, Malaysia, Pakistan, and Turkey.

The total GDP of D-8, which has an estimated total population of one billion, has tripled by increasing from 1.2 trillion USD in 1997 to 3.7 trillion USD in 2016.

MTN News Alert
DMON
To receive our mobile newspaper on MTN delivered on your phone, text SAWD to 4900 at N50 per week or SAMD to 4900 at N150 per month.
For information on press releases, photos, promotional events and adverts, call or send text to 08173460599 or 08094208271or send email to: info@sundiatapost.com

Leave a Reply

Leave a Reply

Your email address will not be published. Required fields are marked *

*

Sundiata Post Media Ltd.

Address: 3rd Floor Office Suite, Bayelsa State Guest House, Plot 1038, Shehu Shagari Way, Maitama, Abuja, Nigeria.
Tel: +234(0)92900705, +234(0)8173460599
Whatsapp: +234(0)8053069436
BBM PIN: 5619150D
Email: info@sundiatapost.com
Website: www.sundiatapost.com

Enugu Regional Office: SW 1 New Haven Shopping Mall, Enugu, Enugu State, Nigeria.
Tel: +234(0)7062582838
https://twitter.com/sundiatapost/

London Office: 18 Belgrave Avenue, Wd18 7UE, Watford, United Kingdom.
Tel: +447417554143
Dubai Office: PAU Management Suite, Level 23 - Boulevard Plaza Tower 2, Emaar Boulevard,
P. O. Box 124342, Dubai, UAE.
Tel: +971 4 4096849 | Fax: +971 4 409 6850
About Us

SundiataPost is published by Sundiata Post Media Limited, Sundiata Post is Nigeria’s most authoritative online newspaper and ranks among the top five online news platforms in Nigeria.

Guild of Corporate online publishers
ACCREDITED MEMBER
A Glance at Our Advert Rate.

Inside Pages

Size In Pixels - Amount

120×180 - N27,967.50

300×100 - N24,695

Text Link - N11,275

More Details info

About Us | Contact Us | Privacy Policy | Terms of Use | Advert Rate