Institutional Development and Investment Strategy of the Islamic Development Bank in Central Asian Countries: Global Trends and Regional Specifics

Abstract

This article is devoted to a comprehensive study of the institutional role and investment strategy of the Islamic Development Bank (IsDB) within the context of post-Soviet Central Asian countries. Amidst global economic instability and the search for alternative sources of infrastructure project financing, the IsDB’s activities have gained particular relevance as a mechanism for aligning the capital of the Islamic world with the emerging markets of the Central Asian region. The study aims to identify the essential characteristics and patterns of the IsDB Group’s investment policy regarding Kazakhstan, Uzbekistan, Turkmenistan, Tajikistan, and Kyrgyzstan, and to assess its impact on the region's socio-economic development