The Islamic Development Bank is currently undertaking wide-ranging reforms to develop new instruments to transform the landscape of human development in the Muslim and non-Muslim world and to develop new partnership strategies. The reforms are part of the multilateral development bank’s “Vision 1440H” policy initiative, which sets out goals to be achieved by 2020 to meet development challenges faced by the Ummah (the Muslim World), and to enhance its structure as a world-class development bank, inspired by Islamic principles.
Devex spoke with Rafee Yusoff, the Director of Group Strategic Planning Department at IsDB, about the bank’s current strategic reforms and the use of economic development instruments as a means of bolstering human development.
What strategic reforms are on the table right now at IsDB when it comes to internal organization, staffing, priorities, etc.?