Mohammed Ali re-elected as IDB chief
Ahmed Mohammed Ali has been re-elected as president of the Islamic
Development Bank Group for the next 5 years within the 35th Annual
Meeting of the IDB Board of Governors in Baku on Wednesday.
The two-day annual meeting held with the participation of ministers of finance and economics of the Bank's 56 member states.
Islamic Development Bank was established in 1975. Since its establishment, the Bank's authorized capital has increased in fifteen times - from two billion Islamic dinars (Islamic dinar is a unit of the IDB account, and is equivalent to one SDR of the International Monetary Fund) to 30 billion Islamic dinars.
The two-day annual meeting held with the participation of ministers of finance and economics of the Bank's 56 member states.
Islamic Development Bank was established in 1975. Since its establishment, the Bank's authorized capital has increased in fifteen times - from two billion Islamic dinars (Islamic dinar is a unit of the IDB account, and is equivalent to one SDR of the International Monetary Fund) to 30 billion Islamic dinars.
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