Jeddah, Kingdom of Saudi Arabia, 29 September 2025 – Members of the Board of Executive Directors of the Islamic Development Bank (IsDB) have approved a substantial range of projects amounting to approximately US$ 1.27 billion across 12 member countries in Asia, Africa and MENA.

In their 362^nd meeting on 29 September 2025 - chaired by IsDB President H.E. Dr. Muhammad Al Jasser – the Board Members also approved a multi-country program that targets sustainable agriculture and food security, education, renewable energy, health, ICT, transport, water resources, and governance reforms. 

As per the approvals, Pakistan’s transport sector is to be reinforced by a US$ 475 million financing for the M-6 motorway, ensuring efficient connectivity across a critical corridor. In Uzbekistan, a US$ 192 million financing from IsDB will upgrade the 4R40 road to enhance connectivity, catalyze investment, and unlock the tourism potential of the Jizzakh region. Also, Bangladesh will receive US$ 143.28 million of funding for the Sonagazi 220 MW Solar Power and Livelihoods Improvement Project, which will expand renewable generation capacity and stimulate economic activity in surrounding communities. Türkiye will benefit from EUR 140 million in IsDB development financing for the Antalya–Alanya motorway, easing congestion, improving safety, and lowering emissions.  

In Nigeria, IsDB will provide US$ 50 million to strengthen agricultural resilience in Yobe State, supporting market-oriented and climate-resilient value chains that raise rural incomes. Uganda is to receive US$ 36.80 million to establish regional oncology centers that reduce cancer-related mortality and extend quality healthcare services, complemented by EUR 73.33 million for a second phase of the Local Economic Growth Support initiative to transform rural livelihoods and strengthen institutions. In Senegal, the approved allocation of EUR 36.51 million from IsDB will fund a nationally owned school meals program designed to improve student nutrition, strengthen institutional capacity, and connect local smallholders to reliable markets. The Republic of Guinea will see the allocation of EUR 32 million that finances the completion of the Boké–Québo road to stimulate economic activity in key agricultural zones.  In Tunisia, IsDB will avail a EUR 30 million financing to strengthen the country’s water supply systems as additional financing for dams and water transfer infrastructure, securing drinking and irrigation water for multiple regions. Sierra Leone will also see the allocation of US$ 30.55 million that will boost the cassava value chain, improving productivity, processing, and value addition to create new opportunities for women, youth, and persons with disabilities. Comoros will advance its e-government transformation with EUR 6.30 million to build resilient ICT infrastructure, enhance service delivery, and equip citizens with digital skills. Mauritania, meanwhile, will advance transparency and institutional reform with US$ 1.77 million for the second phase of its public procurement capacity-building project. 

Beyond individual countries, the Bank has endorsed US$ 7 million for the Tadamon 2.0, a Community Empowerment Program that aims to reach vulnerable populations across Member Countries with digital literacy, healthcare, and Islamic finance while strengthening the capacity of civil society organizations. 

These approvals demonstrate the Bank’s commitment to delivering tangible development impact by supporting inclusive growth, cleaner energy, resilient infrastructure, better health and education outcomes, stronger governance, and sustainable livelihoods.