The headquarters of the Islamic World Educational, Scientific and Cultural Organization (ICESCO) hosts the two-day meeting of ICESCO’s Financial Control Committee (FCC), which kicked off on Monday, September 20, 2021, to examine the Organization’s financial report and closing accounts for the year 2020, the FCC Draft Rules of Procedure and the report of the auditing company for the year 2020.

Mr. Yussuf Ali Al-Najar, representative of the State of Kuwait, FCC Chairman, chaired the meeting, which brought Mr. Mohammed bin Abdulkarim Alabdulkarim, representative of the Kingdom of Saudi Arabia, FCC Rapporteur, and Mr. El Hadji Habib Kébé, representative of the Republic of Senegal, member of the Committee. Mr. Araz Baghirli, representative of the Republic of Azerbaijan, joined the meeting via videoconference along with the representative of Malaysia, as they could not travel to the Kingdom of Morocco due to the repercussions of the Covid-19 pandemic.

At the beginning of the meeting, Dr. Salim AlMalik, ICESCO Director-General (DG), delivered a speech wherein he welcomed the FCC members, stressing that the Organization’s General Directorate adopts transparency and credibility while reviewing the measures taken about the financial matters and the Organization’s accounting system.

He noted that ICESCO, despite the circumstances of the Covid-19 pandemic, has sustained its programs in many Member States, launched several initiatives, organized a series of competitions, held forums with high-level attendance of scientists and distinguished international figures, and signed agreements that contribute to the development of the Organization’s action.

ICESCO DG concluded his speech by wishing success to the members of the Committee, before leaving the floor to the Committee to continue its meeting with the officials concerned at ICESCO.

 For his part, the FCC Chairman highlighted that the Committee has been in constant contact with ICESCO officials, noting that the Committee will ascertain the integrity of the financial statements to enable the Organization to fully discharge its mission.

In his turn, the FCC Rapporteur noted the short duration of the meeting, calling for the automation of the financial and administrative services and the development of the internal control mechanisms of the Organization.

Afterward, the Committee reviewed the financial report for the year 2020 and follow-up to the implementation of FCC’s recommendations for the past year. The Committee also examined some points included in the financial report.

The Committee meeting included a presentation on ICESCO’s implemented projects and programs, and signed partnerships, which enabled the Organization to diversify the funding sources and carry out programs that generate positive feedback from the Member States. The meeting also addressed the means and steps that were adopted to collect the arrears of the Member States’ contributions.

The Committee concluded its first day by examining and approving the FCC’s draft rules of procedure, which defines the tasks, competencies and structure of the Committee, and submitting the proposed amendments. On the second day, the Committee will examine and discuss the report of the auditing company for the year 2020, in the presence of the company’s representative, and draft its final report.