Islamic Development Bank

Empowering people for a sustainable future

Driving innovation, partnerships, Islamic Finance and value chains

COVID-19: The latest updates from IsDB

Today in #Jeddah, IsDB President & #Chad's Minister of Economy, Development Planning @MBatraki & Int'l Cooperation signed a $20 million agreement for National Islamic Microfinance Program phase II, & $0.15 million for Emergency #Food Assistance to #Refugees in East of the country

#IsDB VP Operations Dr. Mansur Muhtar met with @UNDP’s Assistant Secretary-General @UlrikaModeer on the sidelines of the #UNGA. Discussions centred on mid-year successes of global, regional, and country-level partnerships within the 2022 IsDB-UNDP Joint Action Plan framework.

At #UNGA, #IsDB VP- Operations, Dr. Mansur, signed an MoU with the Office of the Special Coordinator for Development in the Sahel @MarDieya to enhance partnership opportunities in the Sahel region. Reaffirmed #IsDB's pledge to scale up cooperation and synergy.

The DG-ISFD Dr. Hiba Ahmad ‘’The Global Islamic Fund for Refugees (GIFR) is a novel and Shariah-compliant financing tool that seeks to avail sustainable financial resources for humanitarian responses to aid the millions of forcibly displaced people around the world” @Refugees

Country Focus

This section takes a closer look at the role IsDB plays in funding sustainable socio-economic growth in each of our 57 Member Countries.

The Board of Executive directors of the Bank, at its 344th meeting held on 13 February 2022, approved a total of EUR 297.67 million for 3 Member Countries under the Regional Hub of Dakar. These are: EUR 35.14 million for Phase 3 of the Hydro-Agricultural Development Project in Upper Sassandra and Fromager Regions in Cote d’Ivoire, EUR 24.30 million for Phase 2 of the Development of Technical and Vocational Education Project, Guinea, and EUR 238.23 million for the Construction of the Dakar – Tivaouane - Saint Louis Highway/ Mékhé - Saint Louis Project.