Gaziantep, Turkiye, 25 July 2023 – A team from the Islamic Development Bank (IsDB) Group Regional Hub Turkiye (RHT) has visited Gaziantep City to display continued solidarity with the Government and people of Turkiye and 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. ... The emergency response operation is aligned with the second pillar of the Bank’s Strategic Realignment (2023-2025) focusing on “Inclusive Human Capital Development: Nutrition/Food Security and Social Protection” as well as the United Nations SDGs and the Bank’s Disaster Risk Management and Resilience Policy.

The project will finance critical investments in water supply, wastewater treatment, solid waste management, and climate-resilient urban transport infrastructure, which will support Türkiye’s broader efforts to recover from recent natural disasters and to build back stronger, greener, and more inclusive urban services delivery systems. ... Over the years, the Bank has evolved from a single entity into a group comprising: the Islamic Development Bank (IsDB), the Islamic Development Bank Institute (IsDBI); the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC); the Islamic Corporation for the Development of the Private Sector (ICD); the International Islamic Trade Finance Corporation (ITFC); and the Islamic Solidarity Fund for Development (ISFD).  

It also found that Investments in climate-smart connectivity infrastructure can help spur COVID-19 recovery by creating jobs, stabilize supply chains, and improve resilience to natural disasters. ... US$1 invested in infrastructure resilience for transport is estimated to equate to a net future benefit of US$4.

Islamic Development Bank President Dr. ... A partnership with the Inter-American Development Bank launched in August, focuses on deforestation of the Amazon, resilience to natural disasters, and the digital access gap in Latin America and the Caribbean.

In addition to the IsDB Group financing from IsDB and the International Islamic Trade Finance Corporation (ITFC), funds from the OPEC Fund have also been mobilized for this project, through the Arab Coordination Group’s Food Security Action commitment. ... With this US$200 million agreement, we are not just funding a project; we are investing in the resilient spirit of the Turkish people.

Muhammad Al Jasser, President of the Islamic Development (IsDB), two agreements were signed between the IsDB, as the Trustee of the Afghanistan Humanitarian Trust Fund (AHTF), and UNICEF for nearly US$ 2 million to provide clean water in rural Afghan communities and help treat children suffering from malnutrition. ... The signing event was attended by senior representatives from the Organization of Islamic Cooperation (OIC), King Salman Humanitarian Aid and Relief Center (KSrelief), Saudi Fund for Development (SFD), IsDB member countries, implementing partners, and other stakeholders, as well as guests.

The sixth institution is the Islamic Solidarity Fund for Development (ISFD), which provides concessional financing solutions to fight poverty in member countries. ... The Lives and Livelihoods Fund (LLF), for example, is the fruit of a joint vision by the Islamic Development Bank (IsDB), the Bill and Melinda Gates Foundation (BMGF), the Islamic Solidarity Fund for Development (ISFD), the King Salman Humanitarian Aid and Relief Center (KSRelief), the Abu Dhabi Fund for Development (ADFD), and the Qatar Fund for Development (QFFD).

Walid Abdelwahab on behalf of the Islamic Development Bank. ... Moreover, we maintain our strong sustainability approach and believe that post-disaster reconstruction should serve equitable and low-carbon development goals.