IsDB, IRTI, and ADB co-host GVC side-event at 52nd session of UN Statistical Commission

IsDB, IRTI, and ADB co-host GVC side-event at 52nd session of UN Statistical Commission

The Islamic Development Bank (IsDB) and its research and training arm, the Islamic Research and Training Institute (IRTI), together with the Asian Development Bank (ADB) have co-hosted a virtual side event at the 52nd Session of the United Nations Statistical Commission.



The side event, on 25th February 2021, focused on measuring economic globalization and featured presentations about data development, statistical measurement, and economic analysis works related to global value chains (GVCs) undertaken by IsDB, IRTI, and ADB.



It was jointly inaugurated by IsDB Vice President, Mansur Muhtar, and ADB Vice President, Bambang Susantono. In his speech, Dr. Muhtar emphasized the commitment of both the institutions in supporting statistical research and analysis to facilitate evidence-based policy making and measurement of progress towards development goals.



The segments of the event were moderated and chaired by the chief economists of the two institutions. The first segment moderated by ADB's Chief Economist, Yasuyuki Sawda, dealt with multidimensional aspects of economic globalization statistics including real effective exchange rate, localization and agglomeration, and digital economy. The second segment, moderated by Dr. Sami Al-Suwailem, Acting Director General, IRTI & IsDB Group Chief Economist, focused on mapping value chains.



Dr. Mohammed Faiz Shaul Hamid of IsDB, during the second segment, presented his work entitled 'The