With 60% of global population growth until 2050 set to come from Africa, the rate of return on foreign investments is higher in Africa than any other developing region. However, without sustainable development plans, these investments will fail. The Islamic Development Bank’s new development model attempts to address the SDG financing gap in a long-term way through playing the role of catalyst for development, thereby transforming the Bank from on-balance sheet funding provider to a development enabler, market creator, and investment facilitator.
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