Ahmed Mohammed Ali re-elected as IDB Group President
Azerbaijan, Baku, June 23 / Trend, I.Khalilova /
Ahmed Mohammed Ali has been re-elected as president of the Islamic Development Bank Group for the next 5 years within the 35-th Annual Meeting of the IDB Board of Governors in Baku today.
The 35th Annual Meeting of IDB Board of Governors held June 23-24 with the participation of ministers of finance, economy and planning of the Bank's 56 member countries.
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.