IsDB President seeks OIC, development partners’ support to save livelihoods in Afghanistan

He said the establishment of Afghanistan humanitarian trust fund is strong message of solidarity with our brothers and sisters in Afghanistan.

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ISLAMABAD, President Islamic Development Bank (IsDB) Muhammad Sulaiman Al Jasser Tuesday sought generous support from the member countries of the Organization of Islamic Cooperation (OIC), development partners, humanitarian organizations, and donors to successfully operationalize the newly formed Afghanistan Humanitarian Trust Fund.

He said the establishment of the Afghanistan humanitarian trust fund is a strong message of solidarity with our brothers and sisters in Afghanistan.

Since 76% of the Afghanistan population lives in rural areas, the primary focus of the fund would be to save lives by preserving rural livelihoods and an integrated holistic approach is proposed to be adopted to ensure that the fund’s limited resources are deployed most effectively to maximize developmental impact, he said in his address at 48th Session of the Organization of Islamic Cooperation (OIC) Council of Foreign Ministers here.

He said the extraordinary meeting of OIC FMs held in Islamabad on December 19, 2021, asked the IDB to establish, operationalize, and manage the fund to channel humanitarian assistance through Afghanistan and partner with the international and regional stakeholders.

“I am pleased to update that the charter has been signed with the OIC. This is the first but very pivotal step that will take the way for operationalization of the fund”, he added.

He said the IDB was strongly committed to ensuring strict guidelines to govern all of the fund’s activities. “Accordingly we guarantee utmost transparency, and all aspects of the fund’s activities and adherence to the relevant international standards and best practices.”

Given the gravity of the challenges faced by Afghanistan today, Muhammad Sulaiman Al Jasser said there was consensus that the international community needed to collectively provide a holistic practical, sustainable and comprehensive solution learning from the lessons of the past and leveraging this strength of all stakeholders to address the daunting challenge in Afghanistan.

He said since last December, the Bank had been engaged in its continued coordination and consultation with the OIC, development partners, humanitarian organizations, and donors.

“We have also consulted with countries supporting the Afghan people. We are committed to benefiting the all relevant experiences and exploring potential cooperation opportunities to ensure the formulation of an impact for the partnership to undertake collective efforts to achieve the fund’s objectives”, he added.

The IsDB President said We are committed to working with all our partners to break the prevalent vicious cycles of poverty and initiate a cycle of hope and self-reliance in the country”.

“We also expect Islamic finances particularly Islamic social financing such as Zakat to play an essential role in facilitating resources mobilization and successful delivery of the program,” he added.

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