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.
Pakistan's Finance Minister, H.E. Dr. Shamshad Akhtar, and Islamic Development Bank (IsDB) President, H.E. Dr. Muhammad Al Jasser, met on the sidelines of the 2023 World Bank-IMF Annual Meetings in Marrakech, Morocco, where they discussed how to maximize the impact of development for the benefit of the people of Pakistan.
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.
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