Islamic Foundation updates financing methods
The Islamic Corporation for Insurance of Investment and Export Credit issued a statement regarding the update of methodologies for measuring private sector financing mobilization for development. These initiatives are aligned with the efforts of the Islamic Development Group and the G20. The update focuses on expanding the scope of measurement to include two additional indicators that assess risks and the timing of financing, with the aim of improving transparency and accuracy in measuring private sector financial contributions supporting development in emerging markets and developing economies. This is the first review since 2018 and aims to support innovation and meet the demands of stakeholders through new rules and tools for more efficient and effective measurement and guidance of private sector financing.
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