Multilateralism has a role in an evolving world - The climate crisis, Russia’s war in Ukraine and the Covid-19 pandemic have increased levels of poverty
Through a concessional funding model that combines donor grants with loans to enable member countries to access the capital they need to invest in high-impact social development projects, the LLF has focused on social areas underserved by traditional development assistance. It has also played a role in improving the lives of people facing extreme poverty.
leans on the need for stronger international cooperation, which is in line with the LLF’s values and what it aims to achieve.at the end of May, they emphasised that the world is at a convergence of crises. Low-income countries, many of which are in the Islamic world, are facing serious difficulties, mainly geopolitical risks, endemic poverty as a result of economic shocks, natural and manmade disasters and communicable diseases.