Monday, December 28, 2020 / 12:00PM / IRTI / Header Image Credit: IRTI
The Islamic Development Bank (IsDB), represented by the Islamic Research
and Training Institute (IRTI), has signed an agreement with the Oxford Poverty
and Human Development Initiative (OPHI) of the University of Oxford to
collaborate in undertaking multidimensional poverty assessments in IsDB Member
OPHI is a research center in the Oxford Department of International Development at the University of Oxford and focuses on multidimensional poverty measurement. It aims to build and advance a more systematic methodological and economic framework for reducing multidimensional poverty, grounded in people's experiences and values.
The agreement was signed on 9 December 2020 by Dr. Sami Al-Suwailem, Acting Director General of IRTI and Chief Economist, and Professor Diego Sanchez-Ancochea, Head of Oxford Department of International Development.
IsDB and OPHI will collaborate in undertaking multi-dimensional poverty assessment in IsDB Member Countries, knowledge solutions including joint poverty assessments, joint key knowledge events and other strategic studies on countries of common interest.
Under the collaboration, it is envisaged that a series of reports assessing multidimensional poverty in IsDB Member Countries will be undertaken. In 2021, the reports will focus on the aggregate level examining the Group of 42 IsDB Member Countries for which there is data as well as for IsDB Africa and Latin America Member Countries, IsDB MENA and Europe Member Countries, and IsDB Asia Member Countries.
A more in-depth country analysis will be undertaken on a pilot for one IsDB Member Country wherein a member country partnership strategy is expected. All the reports will be developed using the 2020 Global Multidimensional Poverty Index to analyze Multidimensional Poverty by sub-national region, urban and rural areas, and age group.
The assessment and subsequent reports will provide policymakers with useful information on the nature and extent of poverty and vulnerability, and will provide the evidence basis for the design and implementation of both policies and interventions. The reports will also cover the potential relationship between the Covid-19 pandemic and multidimensional poverty in the various regional groupings.
The collaboration is in line with the IsDB President's 5-Year Program, which aims to make the IsDB more competitive and responsive to the needs of its Member Countries.
Islamic Finance Related News