IsDB Stresses Need for Sustainable Infrastructure Financing

During the Islamic Development Bank’s annual meeting in Riyadh, Muhammad Al Jasser emphasized the critical need for sustainable infrastructure to address a projected $15 trillion financing gap by 2040. He highlighted that traditional public financing is inadequate for the growing demand and promoted Islamic finance as a solution due to its asset-based, risk-sharing nature and environmental focus. Al Jasser also pointed out the economic potential of least-developed countries, urging immediate investments to mitigate poverty, improve health and education, and boost job creation while enhancing resilience against pandemics and climate change.–News Desk