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IDB Signs MoU with World Bank

JEDDAH — The Jeddah-based Islamic Development Bank, or IDB, and the World Bank have signed a memorandum of understanding to team up in forming programmes for introducing basic skills training for the general workforce in the 
Mena region.

In a close-door meeting between the Islamic Development Bank team headed by Birama Boubacar Sidibe, vice-president for operations and Shamshad Akhtar, WB vice-president for MENA region, recently agreed that there is a need to “standardise skill training programmes in the region as a way to fight poverty.”

Akhtar said that in order to identify the skills needed by individual countries in the region, both World Bank and Islamic Development Bank are establishing partnership with the government and private sectors with the aim of providing the appropriate technical advice.