The Islamic Development Bank is a multilateral development bank (MDB), working to improve the lives by promoting social and economic development in Muslim countries and communities worldwide, delivering impact at scale. The Bank was established in December 1973, and formally opened in 20th October 1975. The IDB group comprises of a number of branch institutes specializing in different functions. The main sectors the Bank supports includes infrastructure, education, science and technology, health, humanitarian relief, and women and girls. Their products include loans, grants, and technical assistances, etc. in different areas.
The first loan from the IDB was in 1982 for the Airport project. Since then, the Bank has assisted the country in areas of infrastructure development (Water and Sanitation, Harbors and Airport, etc.) and the development of health, education and economic sectors.
Governor for the Maldives at the AIIB: Dr. Ahmed Ziyad
Alternative Governor for the Maldives at the AIIB: Ahmed Munawar