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Investing in infrastructure<br />
electricity generation and transmission,<br />
transportation, and water and sanitation.<br />
Since its inception in 1975, the IDB has<br />
financed more than $30 billion worth of<br />
infrastructure to help members meet their<br />
increasing financing needs, to compete<br />
effectively and benefit from the <strong>G20</strong>’s new<br />
infrastructure initiative.<br />
The <strong>G20</strong> discussed mainstreaming<br />
Islamic finance in the global financial<br />
system under the Turkish <strong>G20</strong> presidency<br />
in 2015. The IDB calls on the <strong>G20</strong> leaders<br />
to consider Islamic finance to support<br />
infrastructure development. It stands ready<br />
to work closely with the <strong>G20</strong> to implement<br />
this and other proposals from the <strong>G20</strong>’s<br />
previous and current meetings, especially<br />
those related to Islamic finance.<br />
Ahmad<br />
Mohamed<br />
Ali Al Madani<br />
President, Islamic Development Bank<br />
Q What are you most proud of achieving<br />
during your time at the helm at the Islamic<br />
Development Bank Group?<br />
A The promotion of technical cooperation<br />
in economy, finance, investment, trade<br />
and knowledge sharing. Our trade finance<br />
programme has helped boost trade within<br />
the Organisation of Islamic Cooperation<br />
from 13 per cent a decade and half ago to<br />
about 20 per cent this year.<br />
Our technical cooperation programme<br />
finances on-the-job training, visits of<br />
technical experts to share knowledge, and<br />
attendance at conferences and seminars.<br />
The Reverse Linkage Initiative supports<br />
South-South technical cooperation,<br />
facilitating the sharing of technical<br />
knowledge between two IDB members.<br />
Some members now contribute financial<br />
resources as well as volunteer to transfer<br />
technical knowledge and, in so doing,<br />
strengthen solidarity – which is the core<br />
aim of the IDB.<br />
Q What does the future hold?<br />
A We anticipate significantly scaling<br />
up partnership arrangements with<br />
development partners, philanthropists<br />
and civil society organisations. More funds<br />
will be set up similar to the Lives and<br />
Livelihoods Fund established by the IDB<br />
and Bill and Melinda Gates Foundation.<br />
We look forward to placing knowledge<br />
sharing at the centre of our policy dialogue<br />
with our stakeholders and partners,<br />
which will bring efficiency through<br />
policy harmonisation and shared<br />
best practices. <strong>G20</strong><br />
G7<strong>G20</strong>.com September 2016 • <strong>G20</strong> China: The Hangzhou Summit 129
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