On October 6, 2026, the Sultan of Brunei, Hassanal Bolkiah, welcomed Dr. Muhammad bin Sulaiman Al-Jasser, president of the Islamic Development Bank Group, at the Istana Nurul Iman palace in a royal reception. The meeting highlighted the historical partnership between Brunei Darussalam and the Islamic Development Bank Group.
The discussions focused on the first strategic partnership framework between the Islamic Development Bank Group and Brunei Darussalam for 2026-2028, launched during the visit. This framework aligns with Brunei's Vision 2035 and provides a strategic platform to convert shared priorities into tangible initiatives supporting long-term development in Brunei Darussalam.
Dr. Al-Jasser expressed his gratitude for the opportunity to hear the Sultan's guidance on enhancing the Islamic Development Bank Group's contribution to Brunei's development agenda. The talks covered economic transformation, private sector development, Islamic finance, and sustainable growth, in support of Brunei's Vision 2035.
Dr. Al-Jasser briefed the Sultan on the Islamic Development Bank Group's 10-year strategic plan (2026-2035) and its first five-year institutional strategy (2026-2030). He highlighted the alignment of this strategy with Brunei's Vision 2035, including human capital development, economic diversification, Islamic finance, climate change adaptation, private sector development, and knowledge-based growth.
The meeting emphasized the importance of effective implementation to achieve tangible development outcomes and continued cooperation between Brunei Darussalam and the Islamic Development Bank Group. This royal reception occurred during Dr. Al-Jasser's official visit to Brunei Darussalam, marking his second meeting with the Sultan since his previous visit in August 2024.
The partnership between Brunei Darussalam and the Islamic Development Bank Group has been ongoing, with a focus on supporting development initiatives in the country. The visit aimed to strengthen this cooperation and explore new opportunities for collaboration.
The Islamic Development Bank Group's engagement with Brunei Darussalam reflects its commitment to supporting the country's development goals and aspirations. The bank's strategies are designed to promote sustainable growth, economic diversification, and human development in its member countries.
Key points
- The Islamic Development Bank Group and Brunei Darussalam have launched a strategic partnership framework for 2026-2028 to support the country's development agenda.
- The partnership aims to promote economic transformation, private sector development, and sustainable growth in Brunei Darussalam.
- The Islamic Development Bank Group's engagement with Brunei Darussalam reflects its commitment to supporting the country's development goals and aspirations.
