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Multilateral development banks publish first common principles for nature-positive finance

The European Investment Bank (EIB) and fellow multilateral development banks (MDBs) have recently published common principles for identifying and tracking nature-positive finance. The announcement comes on nature day of the United Nations COP28 climate change conference in Dubai, United Arab Emirates. The common principles aim to increase nature-positive finance by …

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Launch of Islamic Corporation for the Development of the Private Sector (ICD) – London Stock Exchange Group (LSEG) Islamic Finance Development Report 2023: Navigating Uncertainty

The Islamic Corporation for the Development of the Private Sector (ICD), the private sector development arm of the Islamic Development Bank Group (IsDB) Group, and the London Stock Exchange Group (LSEG), the world’s leading provider of financial markets data and infrastructure, jointly launched this year’s edition of the Islamic Finance …

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Africa Must Own Carbon Offsets Value Chain Amid Market Failures

Africa should become the global center for high-value, high-integrity carbon credits, AFC says; Wholesale leases or sale of land undervalue Africa’s forestry while enabling polluters: AFC paper; AFC Foundation to prioritize conservation and regeneration of African carbon sinks through local capacity building. At a critical moment in the fight against climate change, …

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Multilateral Development Banks boost joint action on climate and development

Multilateral Development Banks (MDBs) have published a joint statement where they present concrete and urgent actions to scale up finance and enhance climate outcomes measurement, strengthen country-level collaboration, and increase co-financing and private sector engagement. The announcement comes as world leaders are gathering at the COP28 United Nations Climate Change …

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Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) Recognized as a Global Leader in Digital Economic Transformation by Global Brand Magazine

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), the Insurance arm of the Islamic Development Bank (IsDB) Group, received a prestigious global award from the Global Brand Magazine as the “Leading Digital Economic Transformation Initiative“ for its groundbreaking initiative for establishing OIC Business Intelligence Center (OBIC). …

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The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) and State Assets Management Agency of the Republic of Uzbekistan (UzSAMA) Sign a Memorandum of Understanding to Facilitate Trade and Investment in the Republic of Uzbekistan

  The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a member of the Islamic Development Bank (IsDB) Group and a leading Shariah-compliant multilateral insurer, has signed a Memorandum of Understanding (MoU) with the State Assets Management Agency of the Republic of Uzbekistan (UzSAMA). The MoU, virtually …

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SWIFT broadens access with new public cloud connectivity through Amazon Web Services, Google Cloud and Microsoft Azure

SWIFT recently  announced that it will enable financial institutions to connect to its network and applications through public cloud providers Amazon Web Services, Google Cloud and Microsoft – a move that will streamline access to the world’s leading financial messaging service to enable innovation while ensuring robust resiliency and security. …

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