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IsDB and Strategic WDO partnership launched

December 19, 2021
islamic finance

The Islamic Development Bank (IsDB) through its Regional Hub in Cairo kicked off the implementation of a comprehensive Technical Assistance (TA) Project for the Women Development Organization (WDO).

The project is a component of the Strategic Partnership Plan between the WDO and the IsDB that started one year ago.

The kickoff meeting discussed the technical and implementation plan for the upcoming project that will start by 2022 for 18 months.

The project will contribute to strengthening the institutional capacity of WDO during its inception phase in order to play its key role in advancing and promoting the status of gender equality and the empowerment of women in OIC member states.

The project also will boost the development of a number of strategic frameworks of the WDO including its First Four-Year Strategy (2022-2026) and its First Two Year Action Plan (2022-2024). Four thematic products will be also developed through this project including a flagship report for WDO.

The project is a manifestation of the long-standing cooperation between the different entities of the system of the Organization of Islamic Cooperation (OIC).

It is also a fine example for the implementation of different OIC resolutions that call for sister organizations and entities within the OIC system to support each other and launch joint programs for the benefit of all people in OIC countries.

The Jeddah-based IsDB is a multilateral development finance institution, established in 1957, and focused on Islamic finance.

There are 57 shareholding member states with Saudi Arabia the largest single shareholder.

WDO is the newly established specialized agency of OIC for gender equality and the empowerment of women with its headquarters in Cairo.