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Islamic Enterprise Updates Private Sector Financing Methods
The Islamic Corporation for Insurance of Investment and Export Credits confirmed the issuance of an updated methodology for measuring private sector mobilization for development, aimed at expanding and improving the way contributions from multilateral financial institutions are assessed in supporting development in emerging markets and developing economies. The revised methodologies, prepared by the Multilateral Development Banks Task Force and approved by 30 institutions, incorporate more precise standards, including risk measurement, timing of financing, and the nature of the role played by financial institutions. This update comes in response to the G20's call to support innovation and stimulate private sector financing. It is the first development of the methodology since 2018, with new indicators added to help reduce duplication and provide more comprehensive insights into funding flows and their role in promoting development.
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