The Islamic Development Bank (IsDB) Group and the Industrial Development Bank of Turkiye (TSKB) have signed a US$ 100 million financing agreement that aims to enhance economic recovery and sustainable growth in the 17 provinces bearing the brunt of the twin devastating earthquakes that struck southern Turkiye on 6th February 2023.
The Islamic Development Bank (IsDB) Group and the Development and Investment Bank of Türkiye (TKYB) have formalized a US$200 million financing facility/arrangement to support businesses in the provinces affected by the disaster.
During his official visit to Türkiye for the 39th COMCEC Ministerial Meeting in Istanbul, the President, and Group Chairman of the Islamic Development Bank (IsDB), H.E. Dr. Muhammad Al Jasser, emphasized the need for escalated investment and improved economic cooperation within the COMCEC framework.
The first of the six tramway vehicles, financed by the Islamic Development Bank (IsDB), has arrived in the city of Kayseri and will be put into operation by the metropolitan city’s municipality.
A team from the Islamic Development Bank (IsDB) Group Regional Hub Turkiye (RHT) is visiting Gaziantep City to display continued solidarity with the Government and People of Turkiye and to get a firsthand account of the progress in the distribution of IsDB-funded humanitarian and relief support amongst the survivors of the unprecedented deadly earthquakes that shook the city as well as tens of other towns on 6th February 2023.
An IsDB Group mission headed by Director of IsDB Group Regional Hub Turkiye (RHT), Dr. Walid Abdelwahab, visited the capital city of Baku to discuss and co-create the Group’s Country Engagement Framework (CEF) with Azerbaijan.
Islamic Development Bank (IsDB) President and Group Chairman, H.E. Dr. Muhammad Al Jasser, has appointed Dr. Walid Mohamad Abdelwahab as the new Director of IsDB Group Regional Hub Turkiye (RHT), one of the major regional hubs of the AAA-rated multilateral development bank of the Global South.
A mission from the Islamic Development Bank (IsDB) has met with H.E. Mr. Sardar Ayaz Sadiq, Federal Minister for Economic Affairs and IsDB Governor for Pakistan; H.E. Ms. Anita Turab, Joint Secretary IsDB Division, and IsDB Alternate Governor for Pakistan, as well as H.E. Dr. Kazim Niaz, Secretary for the Ministry of Economic Affairs and IsDB Executive Director.
Co-hosted by Pakistan’s Ministry of Climate Change (MoCC) and UNICEF, with extensive support from the Islamic Development Bank (IsDB), the National Urban Sanitation Workshop in Islamabad, Pakistan, was a first step in promoting South-South cooperation to meet urban sanitation challenges.
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