The Financial Control Committee of the Islamic World Educational, Scientific and Cultural Organization (ICESCO) concluded its annual meeting, on Monday (November 13, 2023), held at the Organization’s headquarters, in Rabat, and issued its final report, which approved the financial reports submitted by the General Directorate of ICESCO and the closing accounts for the financial year 2022.

At the close of its meeting, Dr. Salim M. AlMalik, Director-General of ICESCO, met with the Committee members, namely Mr. Yussuf Ali Najar, representative of the State of Kuwait, as Chairman; and Mr. Abdulaziz bin Saad Addabas, representative of the Kingdom of Saudi Arabia, as rapporteur; as well as Mr. Hazrul bin Ali, representative of Malaysia, Mr. Araz Baghirli, representative of the Republic of Azerbaijan, and Mr. El Hadji Habib Kébé, representative of the Republic of Senegal, who participated via videoconference.

Dr. AlMalik commended the work and efforts of the Committee to develop financial governance of ICESCO by examining the financial reports submitted by the Organization and expressing its opinion thereon aimed at improving the Organization’s financial performance, stressing ICESCO’s keenness to establish a financial system marked by transparency and credibility towards its Member States. He also reviewed the development of the Organization’s action plans and budget by ensuring extra-budgetary resources for a set of programs and projects and urging several countries to pay their arrears to ICESCO’s budget.

For his part, Mr. Najar, Chairman of the Committee, commended ICESCO’s efforts and remarkable development, stressing the Committee’s keenness to cooperate closely and give recommendations, considering that the Committee’s work is likely to boost the Organization’s work.
The Committee’s meeting kicked off on Saturday (November 11, 2023), where Dr. Abdelilah Benarfa, Deputy Director-General of ICESCO, highlighted the importance of the meeting of the Financial Control Committee as an opportunity to review the Organization’s achievements in following up on and implementing the recommendations of previous meetings of the Committee.

The Committee’s agenda featured a follow-up on the implementation of its recommendations for the past year, an examination of the financial report of the General Directorate of ICESCO and the closing accounts for the financial year 2022, as well as the review of the report on Member States’ contributions to ICESCO’s budget for 2022, and the audit company’s report for the financial year 2022.