THE ISLAMIC DEVELOPMENT BANK AND ITS ROLE IN SOCIO-ECONOMIC REFORMS IN THE CENTRAL ASIAN COUNTRIES
Keywords:
Islamic Development Bank, Central Asia, project Special Program for Central Asia, Member Country Partnership Strategy, socio-economic developmentAbstract
The purpose of this article is to analyze the activities of the Islamic Development Bank (IDB) in Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan, as well as the dynamics of cooperation with each country and the region as a whole. The Bank provides a number of
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References
See: V. Malyaev, “Opportunities for Adapting Islamic Banking Products to the Russian Legislative Framework,” BRICS Law Journal, No. 4 (3), 2017, pp. 62-80.
See: F.A. Lone, S. Ahmad, “Islamic finance: More Expectations and Less Disappointment,” Investment Management and Financial Innovations, No. 14 (1), 2017, pp. 134-141.
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See: R. Ray, R. Kamal, “Can South-South Cooperation Compete? The Development Bank of Latin America and the Islamic Development Bank,” Development and Change, No. 50 (1), 2019, pp. 191-220.
See: K. Tokayev, Diplomatiya Respubliki Kazakhstan, Elorda, Astana, 2001, p. 327.
See: N.Z. Abidin, “Osnovnye etapy sotrudnichestva mezhdu Kazakhstanom i IBR,” Mezhdunarodnoe sotrudnichestvo Respubliki Kazakhstan: realii, zadachi i perspektivy, International Workshop, Astana, 2007, p. 187.
See: K. Kapparov, “Tsentralnaia Azia pod opekoi Islamskogo banka razvitiia,” Rossia i musulmanski mir: Byulleten referativno-analiticheskoi informatsii, INION RAN, Moscow, Center of Scientific Information Study in Social Sciences, No. 12 (138), 2003, p. 153.
See: Islamic Development Bank Group’s Member Country Partnership Strategy for the Republic of Kazakhstan (2012- 2014), September 2012, available at [http://www.istisna.kz/rus/img/Final-MCPS-eng.pdf], 25 June, 2019.
See: Resolution of the Government of the Republic of Kazakhstan on the Signing of a Partnership Framework Agreement between the Government of the Republic of Kazakhstan and the Islamic Development Bank Group, No. 535 of 22 May, 2014, available in Russian at [http://adilet.zan.kz/rus/docs/P1400000535], 26 June, 2019.
See: Resolution of the Cabinet of Ministers of the Republic of Uzbekistan on Measures to Further Develop Cooperation with the Islamic Development Bank Group and the Funds of the Arab Coordination Group, No. 428 of 23 May, 2019, available in Russian at [http://lex.uz/pdfs/4351728], 26 June, 2019.
See: Special Program for Central Asia (2016-2020), Part I, The Program, March 2016, available at [https://idbgbf. org/assets/2016/3/7/pdf/8165ddd7-b84c-473c-acdc-9325e0b82a21.pdf], 26 June, 2019.
See: Draft Final Communiqué of the 14th Islamic Summit Conference (Session of Hand in Hand Toward the Future), Makkah Al-Mukarramah, Kingdom of Saudi Arabia, 31 May, 2019, available at [https://www.isdb.org/sites/default/files/ media/documents/2019-06/Draft%20Final%20Communique%20English.pdf], 5 September, 2019.
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