Economic development

Islamic Development Bank Commits to Inclusive Development and Poverty Reduction

Strategic Insights

Sep 17, 2025 — 1 min read

The Islamic Development Bank (IsDB) reaffirmed its commitment to poverty reduction and inclusive development during the Third International Poverty Reduction Forum, a partnership between IsDB and Uzbekistan. The forum brought together global leaders to discuss effective strategies for accelerating poverty reduction in the face of economic challenges. IsDB President Dr. Muhammad Al Jasser praised Uzbekistan's transformative reforms, highlighting the country's social and economic initiatives as a model for the region.

Key Takeaways:

IsDB President Dr. Muhammad Al Jasser emphasized the bank's commitment to inclusive development and poverty reduction during the Third International Poverty Reduction Forum.
The IsDB Group has mobilized over $4.96 billion in cumulative support, prioritizing finance, agriculture, and infrastructure sectors.
In 2025, IsDB committed over $523 million to projects with strong social impact, including healthcare, education, and rural development investments.
President Shavkat Mirziyoyev credited ongoing reforms since 2016 for lifting 7.5 million people out of poverty, reducing the national poverty rate to 8.9% in 2024.
The Uzbek government aims to reach a poverty rate of 6% by the end of 2025 with the support of IsDB and its reform program.
IsDB's new 10-year strategic framework (2026-2035) aligns with Uzbekistan's national strategy, prioritizing job creation, private sector development, agriculture, and social development.

Statistics:

$4.96 billion: cumulative support mobilized by IsDB Group.
$523 million: committed by IsDB to projects with strong social impact in 2025.
7.5 million: people lifted out of poverty since 2016 according to President Mirziyoyev.
8.9%: national poverty rate in 2024.
6%: target poverty rate to be achieved by end of 2025.

Sources:

(Saudi Press Agency)
(IsDB Group)
(Uzbekistan government, via President Shavkat Mirziyoyev's address at the Third International Poverty Reduction Forum)

The End of American Hypergrowth

For two centuries, the US economy grew by adding workers. That's over.

Healthcare's $5.3 Trillion Drag

How Medical Spending Became America's Biggest Productivity Tax

Breakthrough in Nanotechnology: Electromagnetic Shock Treatment Shows Promise

Researchers at the Wuhan University of Technology in China have made significant progress in the field of nanotechnology, specifically in the area of nanoindentation. A novel electromagnetic shock treatment (EST) method has been developed to enhance the microscale mechanical properties of a titanium alloy, with promising results obtained through array-based

Gut Microbiota Plays Crucial Role in Immunotherapy Success for Colon Cancer Patients

Research investigators at the Zhengzhou Central Hospital Affiliated to Zhengzhou University have made groundbreaking discoveries on the role of gut microbiota in determining the efficacy of immunotherapy for colon cancer patients. The study, which was recently published in Biochimica et Biophysica Acta, reveals that specific bacterial species and microbial metabolites

Read more

The End of American Hypergrowth

Healthcare's $5.3 Trillion Drag

Breakthrough in Nanotechnology: Electromagnetic Shock Treatment Shows Promise

Gut Microbiota Plays Crucial Role in Immunotherapy Success for Colon Cancer Patients