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Al-Jasser elected chairman of IsDB Group for next 5 years
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APS - Dakar, hôte du 6e Forum international sur la finance islamique les 7 et 8 juin
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The UN-backed fund is seeking at least $5 billion for its Raise Your Hand
campaign for 2021-2025 to support 90 lower-income countries and territories.
He said it was an ambitious target but the money was the best way to help transform education standards in poorer nations and invest in a sustainable future.
Reflecting on the devastating effect
of the coronavirus, Mr Thiam said the fallout “is especially acute in lower-income and conflict-affected countries, where children have been hit hard by the pandemic and faced the highest risk of dropping out permanently”.
“To this day, over half of the world’s children are still facing major disruptions to their learning, ranging from full school closures to reduced or part-time schools.
Dubai: UAE-based global philanthropic organisation Dubai Cares on Tuesday joined a $5 billion (Dh18.3 billion) education support programme for children in 90 lower-income countries and territories.
The Islamic Development Bank (IsDB) and Dubai Cares, part of Mohammad Bin Rashid Al Maktoum Global Initiatives, on Tuesday committed $202.5 million for the ‘Raise Your Hand’ financing campaign of Global Partnership for Education (GPE).
First pledges
Dubai Cares contributed $2.5 million (around Dh9.18 million) and IsDB pledged $200 million (around Dh734.6 million). The pledges are the first from the Middle East. With its latest pledge, Dubai Cares has doubled its previous contributions to GPE in 2014 and 2018. Dubai Cares was the first non-government and philanthropic organisation to contribute funding to GPE.
GPE to launch Case for Investment in the Middle East
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