Gambiaj.com – (Al-Madinah, Saudi Arabia) – Seedy K.M. Keita, The Gambia’s Minister of Finance and Economic Affairs, has urged the Islamic Development Bank (IsDB) to ground its next 10-year strategic framework (2026–2035) in the principles of Islamic finance and South-South cooperation.

Addressing the Governors’ Consultation Retreat on January 12, 2025, Minister Keita highlighted the need for the Bank’s initiatives to align closely with the developmental aspirations of its member countries. He commended the IsDB for its history of responsive and inclusive interventions, emphasizing the importance of maintaining this legacy in the new strategic period.

“The Bank’s strategic framework should continue to reflect its role as a listening partner, one that tailors its efforts to the aspirations of its member nations,” Keita stated.

He called for flexibility in the Bank’s approach, urging it to avoid imposing rigid conditionalities that may hinder the developmental agendas of member countries. Instead, he advocated for adaptive strategies that respect the unique circumstances of each nation.

In a groundbreaking proposal, Minister Keita suggested that the IsDB expand its support to Muslim populations in non-member countries. Such an initiative, he noted, would enhance the Bank’s inclusivity and extend its developmental impact beyond traditional boundaries.

The Governors’ Consultation Retreat, held in Al-Madinah, is a critical forum where member states collaborate to shape the strategic direction of the IsDB. The discussions aim to ensure that the Bank remains responsive to the evolving challenges and opportunities faced by its members.

As the IsDB prepares its next strategic framework, Keita’s call for a tailored, inclusive, and cooperative approach underscores the importance of adaptability in addressing global development priorities while staying true to the principles of Islamic finance.