The Islamic Development Bank (IsDB) Group holds its 2021 Annual Meetings of its Boards of Governors in the city of Tashkent.

According to Uzbekistan MIFT, at the event, the Islamic Development Bank (IsDB) has launched a new Resilience Index to help policymakers create mechanisms that support economic resilience.

Dr. Muhammad Sulaiman Al Jasser, IsDB President and Chairman of the IsDB Group explained how IsDB was spurred to create the index in the aftermath of the COVID-19 pandemic. “One of the difficult lessons of the COVID-19 pandemic has been the importance of economic resilience. Our economic systems, today, are globalized and complex. When a shock occurs in one part of the global economy, it is widely felt. We have developed this index to help policymakers among our member countries track their progress in creating more resilient economies”, he said.

The Resilience Index will help policymakers from IsDB’s 57 member countries track whether they are making progress in efforts to increase economic resilience.

During this year’s annual meetings, the assembled leaders will also be focusing on the impact of the COVID-19 crisis on existing social inequalities. Efforts to support economic resilience are also intended to ensure that fragile and conflict-affected countries are not left behind as the global economic recovery picks up pace.

UzA