- Signing of commitment letter and memoranda of understanding with Tunisian companies with the aim to develop the private sector
- Signing of the Line of Financing agreement between ICD and Sub Saharan African Banks.
- ICD highlighted the role of SMEs as engine of growth and sustainable development during the 43rd Annual Meeting of IsDB Group
- ICD, IAIB, Sberbank and THIQAH organized the 1st Russian Islamic Economy Forum in Moscow
- SBERBANK of Russia signs MoU with ICD to develop and offer Islamic finance products to its clients
- ICD Board of Directors names Al Ammari as Acting CEO and General Manager following departure of Al Aboodi
- ICD Sign a MoU with JANA to Test New Banking Model
AlBANIA | Overview
Official name: Republic of Albania
Capital: Tirana
Official languages: Albanian
Monetary unit: Lek
Population (million - 2013): 2.9
Total area (sq km): 11, 082
OVERVIEW
Located in Eastern Europe, Albania shares borders with Montenegro, Kosovo, Macedonia, and Greece. Albania is a middle-income country that has made enormous strides in establishing a credible market economy, which observed one of the highest growing trends in Europe over the past many years.
Looking forward the future, the government of Albania is in the process of a number of reforms related to: improving the effectiveness of social protection systems and key health services, strengthening public expenditure management and fiscal consolidation, increasing regulatory and institutional reforms, and reducing infrastructure deficits. As agriculture remains one of the largest and most important sectors in Albania, attention are given to small farm size and land fragmentation, poor infrastructure, market limitations, limited access to credit and grants, and inadequate rural institutions.
Year joined ICD:
Number of projects approved: 1
Gross Approval ($US million): 2.15
Gross Disbursement ($US million): 1.86
