About the Institutions:
Established in 1944, the World Bank Group is headquartered in Washington, D.C. It has more than 10,000 employees in more than 120 offices worldwide. The World Bank Group has set two goals for the world to achieve by 2030: End extreme poverty by decreasing the percentage of people living on less than $1.90 a day to no more than 3%, Promote shared prosperity by fostering the income growth of the bottom 40% for every country. (Read more about the World Bank)
The Islamic Development Bank (IDB) is an international Islamic financial institution established in 1974. The purpose of the Bank is to foster the economic development and social progress of member countries and Muslim communities individually as well as jointly in accordance with the principles of Shari'ah i.e., Islamic Law. (Read more about the Islamic Development Bank)
About the joint initiative: The Education for Competitiveness (E4C) Initiative is aimed at developing joint strategies for improving education and training systems in member countries of both organizations (World Bank and IDB), with a primary focus on the Middle East and North Africa region. (Find out more about the E4C Initiative here.)
Life Skills-Related: Education for Competitiveness (E4C) offers transformative interventions to improve education systems. These include expanding early childhood development, strengthening early grade learning, promoting information for accountability, enhancing career guidance and opportunities, and boosting 21st century skills and values.