Jeddah, Kingdom of Saudi Arabia, April 6, 2026 – The Islamic Development Bank (IsDB) Board of Executive Directors, chaired by IsDB President H.E. Dr. Muhammad Al Jasser, approved US$ 384.28 million in new financing at its 365th meeting to support key development initiatives across member countries. The approved projects reflect the Bank’s continued commitment to addressing urgent development needs while strengthening long-term resilience and sustainable growth.

The Board approved US$75 million for the Response, Recovery, and Resilience (3R) Facility, designed to support 32 fragile and conflict-affected member countries impacted by natural disasters. This funding includes US$30 million from the IsDB OCR grant and US$45 million from the IsDB Concessional Fund (ICF), both distributed over five years, supplemented by contributions from other partners. The Facility aims to provide rapid emergency financing, support recovery interventions, and strengthen preparedness and early warning systems, helping countries respond more effectively to crises while building resilience over time.

In Mauritania, the Board approved US$59.28 million for a rural electrification project to expand equitable and sustainable access to affordable electricity across multiple regions, including Adrar, Assaba, Inchiri, Brakna, Hodh El Chargui, Hodh El Gharbi, and Tagant. This funding consists of US$25.35 million from the IsDB and US$33.93 million from the IsDB Concessional Fund (ICF). Beyond infrastructure, the project prioritizes economic empowerment through the installation of 10 multifunctional energy platforms managed by local women's cooperatives, specifically designed to support micro-enterprises and enhance the livelihoods of women-headed households and vulnerable communities. The project, together with the 3R Facility, marks the first deployment of ICF resources following the Fund’s operationalization and launch last February 2026, providing a substantial allocation dedicated to addressing fragility.

In Türkiye, the Board approved US$ 250 million for the Sustainable Organised Industrial Zones Project, a transformative initiative that will strengthen the sustainability, efficiency, and competitiveness of the country’s industrial sector. The project will support the development of resource-efficient infrastructure, improved waste management systems, and environmentally responsible industrial practices, contributing to reduced emissions, lower resource consumption, and job creation.

These strategic approvals denote IsDB’s steadfast commitment to supporting member countries through targeted investments that address immediate challenges while laying the foundation for sustainable and inclusive development.