Türkiye hosted the 9th annual Istanbul Public Private Partnership (PPP) Week, where the Islamic Development Bank (IsDB) received the Development Finance Institution (DFI) of the Year 2025 Award. The event was themed PPP: More with Less.
According to SPA, the award recognizes the active participation of the IsDB in the PPP market and its achievements in that sector.
Dr. Walid Abdelwahab, IsDB Group Regional Hub Türkiye Director, stated that the bank aligns its investment strategy with socio-economic development, environmental sustainability, and Islamic Sharia principles to finance sustainable infrastructure in member countries. He noted that the IsDB dedicated over 40% of its 2024 funding to climate investments based on global standards, surpassing its climate finance goal.
Why did the Islamic Development Bank receive the DFI of the Year 2025 Award? The Islamic Development Bank received the award during the 9th annual Istanbul Public Private Partnership (PPP) Week in Türkiye. The recognition was given to the bank for its active participation in the public-private partnership market and its achievements within that specific sector.
What are the core principles guiding the IsDB investment strategy for infrastructure? According to Dr. Walid Abdelwahab, the IsDB Group Regional Hub Türkiye Director, the bank finances sustainable infrastructure by aligning its investment strategy with environmental sustainability and socio-economic development in member countries. Additionally, the bank ensures these investments are aligned with Islamic Sharia principles.
How did the IsDB perform regarding its climate finance goals in 2024? The IsDB surpassed its climate finance goal by allocating more than 40% of its 2024 funding toward climate investments. This funding allocation was conducted according to global standards, as stated by Dr. Walid Abdelwahab during the award ceremony in Türkiye.