N’DJAMENA CHAD: The Islamic Development Bank Group hosted IsDB Day in Chad on Monday, deepening cooperation with the Central African nation.
The event follows the successful launch of “Chad Connection 2030” in Abu Dhabi a few months ago, which signaled IsDB’s commitment to support development projects aligned with Chad’s National Development Plan.
Chad’s Prime Minister Allamaye Halina attended the January 26 event in N’Djamena, organized in partnership with the Ministry of Finance, Budget, Economy, Planning, and International Cooperation.
Dr. Issa Faye led the IsDB Group delegation, representing IsDB President Dr. Muhammad Al Jasser. Cabinet ministers, senior officials, and representatives from regional financial institutions and private companies also participated.
The event aimed to deepen cooperation and align IsDB Group support with Chad’s National Development Plan.
H.E. Allamaye Halina, Prime Minister of the Republic of Chad, stated: “Chad is entering a phase where translating vision into concrete projects is essential. The Islamic Development Bank Group is a trusted partner in this effort, particularly in strengthening financial implementation, capacity building, and mobilising investment that delivers tangible impact for our population.“
H.E. Tahir Hamid Nguilin, Minister of Finance, Budget, Economy, Planning, and International Cooperation of the Republic of Chad, stressed the following: “Our priority is to boost trade through coherence between public policy, effective financing mechanisms,s and private sector mobilisation. The IsDB plays a key role in supporting this approach, notably through project structuring, risk mitigation instruments, and blended financing solutions”.
Dr. Issa Faye, IsDB Director General for Global Practices and Partnerships, and Group Head of Delegation, stated: “The IsDB Group’s commitment to Chad is focused on delivering integrated solutions that combine financing and technical assistance. During the country engagement dialogue, the IsDB team, in conjunction with relevant authorities, will explore all available solutions from both public and private sector sources to ensure that the co-created development solutions are holistic. Through closer coordination with national authorities and local stakeholders, we aim to accelerate project delivery, building resilience and supporting high-impact initiatives aligned with Chad Connection 2030. particularly in agriculture, technology, and infrastructure.”
One of the main features of the program was a panel discussion on Chad’s development priorities and the role of IsDB Group, aimed at formulating practical avenues of cooperation and forging strategic partnerships to support Chad’s path towards sustainable and inclusive development.
A series of bilateral (B2B and B2G) meetings was held amongst representatives of the IsDB Group, business leaders, investors, and financial institutions to explore opportunities for cooperation and partnerships with the Islamic Development Bank Group. Inspiring success stories implemented in Chad in partnership with local entrepreneurs, as well as local and international institutions, were presented
The event also highlighted the activities, services, and initiatives of IsDB Group institutions, including the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), the Islamic Corporation for the Development of the Private Sector (ICD), the International Islamic Trade Finance Corporation (ITFC), the Islamic Development Bank Institute (IsDBI), and the Islamic Development Bank Group Business Forum (THIQAH).
The day concluded with a reaffirmation of the Islamic Development Bank Group’s commitment to continue working with the Chadian government and the country’s private sector to further build strategic partnerships, expand investment opportunities, and enhance the business environment, thereby contributing to the achievement of sustainable development in Chad.