On the International Day for Disaster Risk Reduction, observed annually on 13 October, the Organization of Islamic Cooperation (OIC) joins the international community in expressing solidarity with all victims of natural and human-made disasters around the world.
This year’s theme, “Fund Resilience, Not Disasters,” highlights the urgent need to invest in resilience-building and preventive measures rather than in post-disaster recovery.
The OIC underscores that disasters continue to impose heavy human and economic costs, severely affecting socio-economic development and posing existential threats to vulnerable communities across many of its Member States.
With several Member States frequently impacted by floods, epidemics, earthquakes, landslides, storms, and droughts, the OIC places high priority on disaster prevention and management, as emphasized in its Ten-Year Program of Action 2025.
Reaffirming its commitment, the OIC calls for stronger partnerships among Member States, international organizations, and local communities to develop effective strategies that enhance preparedness, reduce vulnerabilities, and improve recovery capacities.
“As disasters become more frequent and intense due to climate change and other global challenges, we must act collectively and decisively to build resilience and protect lives,” said H.E. Mr. Hissein Brahim Taha, Secretary-General of the OIC. “Investing in prevention today will save countless lives and resources tomorrow.”
The OIC also stresses the need to accelerate the implementation of the Sendai Framework for Disaster Risk Reduction, in line with national disaster management strategies and priorities.
Representatives of Uzbekistan's public and private financial sectors - including the Central Bank, “Business Development Bank”, “Hayot Bank”, “Anorbank”, “Openbank” and other institutions - visited the United Kingdom to expand cooperation in Islamic finance, reports Dunyo IA.
According to the Embassy of Uzbekistan in London, during the visit, the delegation participated in the “IFN UK Forum” international event. There, they held meetings with representatives of the European and global Islamic finance communities to discuss current trends and the industry's development.
In partnership with “TheCityUK” - an association representing the interests of the UK financial sector—a dedicated business event was organized to focus on expanding bilateral cooperation between the UK and Uzbekistan in Islamic finance.
Additionally, the delegation held targeted talks with representatives from the “London Stock Exchange”, “HSBC”, “UK Export Finance”, “Gemcorp Capital” and “Baillie Gifford”. The discussions focused primarily on applying Islamic financial instruments to implement investment and infrastructure projects in Uzbekistan, as well as strengthening institutional cooperation with international financial organizations.