IDB (Islamic Development Bank), the financial arm of the Organisation of Islamic Conference, underlined its very own Vision 1440H towards achieving the goals it has set for the Muslim community. This Vision presents a roadmap for the IDB Group to address emerging challenges in the areas of achieving human development, assist member countries to achieve sustainable economic growth, promote effective and accountable institutions, strengthening peace and stability in the Islamic world.
A commission of 12 eminent personalities and delegates from the 19 IDB member countries in the MENA region, and personalities from communities in non member countries attended the workshop. The role of the 12 eminent personalities, which constitutes the Vision Commission chaired by the former Prime Minister of Malaysia, Tun Dr. Mahathir Mohamed, is to advise the Bank on how to position itself in the new economic and political realities facing the Muslim world. The Bank proudly calls this exercise the 'IDB 1440H Vision' initiative. In his remarks during the first Vision Commission meeting on 14 September 2005, the Commission Chairman, Dr. Mahathir Mohamed, mentioned the importance to emphasize on the common issues faced by Ummah, which include poverty, education and the empowerment of women. He also mentioned the fact that each and every country, be it poor or rich, always has some kind of wealth and it is up to the country to discover the source of its wealth and how to develop it.
IDB has further identified five major challenges facing member countries which needs to be urgently addressed in order to achieve sustainable socioeconomic development :
(i) reducing the number of the poorest of the poor,
(ii) improving access to quality schooling for children,
(iii) mainstreaming women,
(iv) reducing health-related vulnerability of the poorest, and
(v) youth unemployment.
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