JEDDAH — Dr. Bandar Hajjar, president of the Islamic Development Bank (IsDB) took over the chairmanship of the meetings of the presidents of MDBs for a year starting January 2020. This selection was made during the regular meeting of the heads of international Multilateral Development Banks in Washington on the sidelines of the annual meetings of the World Bank and the International Monetary Fund. It is worth mentioning that this platform, which meets three times a year, includes: World Bank (WB), International Monetary Fund (IMF), International Finance Corporation (IFC), African Development Bank (AfDB), Asian Development Bank (AsDB), European Investment Bank (EIB), European Bank for Reconstruction and Development (EBRD) , The Inter-American Development Bank (IaDB), the Asian Infrastructure Investment Bank (AIIB), the European Council for Development (CEB), the New Development Bank (NDB) and the Islamic Development Bank (IsDB). The IsDB presidency of this international development platform coincides with Saudi Arabia's assumption of the presidency of the G20. This platform provides an informal space for dialogue and exchange of views among the presidents of the 12 MDBs on development cooperation issues, policy coordination, programs and joint action to achieve the SDGs.
