Following a successful pilot in Indonesia and Senegal, the Islamic Development Bank (IsDB) has officially rolled out a new digital platform to optimize operational efficiency, particularly in relation to financing disbursement and project management with member countries.
The e-Disbursement Platform (EDP) allows users to track the status of payment requests in real time and collaborate directly with project teams to resolve disbursement-related issues in a secure environment.
“EDP has already started showing its impact in the pilot [in] member countries of Senegal and Indonesia; since the launch, there has been a reduction of processing times without compromising the data accuracy and validity,” said Dr Mansur Muhtar, the vice-president of the IsDB.
Launched during the IsDB Group’s recent annual meetings in Uzbekistan on the 3rd September, the development of the EDP was expedited to further support the Islamic multilateral bank’s efforts in supporting member countries cope with the economic fallout of the COVID-19 pandemic.