New York, United States, 13.07.2015: The Islamic Development Bank (IDB) has pledged to provide financing worth $360 million in support of a sustainable Post Ebola recovery effort for Guinea and Sierra Leone. The announcement was made by Mr Sayed Aqa, IDB’s Vice President for Cooperation and Capacity Development on the occasion of the International Ebola Recovery Conference held in New York, United States on 10 July 2015.

Its success is now recognised widely by the Bank’s partners, including United Nations agencies, such as the UN Office for South-South Cooperation, the South Centre and the Organisation for Economic Cooperation and Development, as well as bilateral cooperation agencies in the IsDB member countries. ... The Bank will continue to play its part in this global struggle by using all the tools at its disposal, including Reverse Linkage, with the aim to return to a state of normalcy as soon as possible, and continue supporting its constituents to help them achieve their development objectives. 

In this context, he commended Saudi Arabia's leadership role in establishing a new clean energy research and development fund, in partnership with Kuwait, Qatar and the United Arab Emirates. ... Dr Ali firmly believes this new research and development fund offers a unique opportunity for developing clean energy-focused partnerships between the concerned GCC States and IDB.

The Comptroller General of the United States, Mr. ... The signatories to the INTOSAI-Donor MoU are INTOSAI, the African Development Bank, Austria, Belgium, Canada, the European Commission, the Inter American Development Bank, the International Monetary Fund, Ireland, the Islamic Development Bank, Netherlands, Norway, Sweden, Switzerland, the United Kingdom, the United States of America, and the World Bank.

The BED members further approved a technical assistance grant for the preparation of non-oil export strategy for GCC member countries as well as grants from the WAQF Fund for different programs to be implemented for Muslim Communities in non-member countries including Ukraine, India, Tataristan and United States. ... Million for Schools Development Program in Istanbul, Turkey, including US$ 2.24 Million in T.A. loan 3- US$ 95 Million for Construction of Grain Steel Silos Project, Pakistan 4- US$ 30.8 Million for Water Distribution Network Upgrading Project as well as construction of National Cardiac Center in Nouakchott, Mauritania. 5- US$ 21 Million for Sana’a Water Supply Enhancement Project, Yemen. 6- US$ 500 Thousand for Establishment of phase I of a Children Care Center in Addis Ababa, Ethiopia, (IDB Waqf Fund) 7- US$ 465 Thousand for Expansion of Brighter Horizon Academy, Garland, Texas, United States of America, (IDB Waqf Fund) 8- US$ 410 Thousand for Rehabilitation and Equipping of six Crimean Tatary Schools, Ukraine, (IDB Waqf Fund) 9- US$ 370 Thousand for construction of Rashidah Islamic Institute in Kazan city, Republic fo Tataristan, Russain Federation, (IDB Waqf Fund) 10- US$ 260 Thousand for Construction of a Teacher Training College, Melagaon Village, Nashik district, Maharashtra State, India, (IDB Waqf Fund) 11- US$ 219 Thousand for Expansion of Al-Munawwara Islamic School Building, Davao City, Philippines, (IDB Waqf Fund)

He urged the OIC members states to do more to implement the resolution of the Third Extraordinary Session of the Islamic Summit Conference, 2005 which called for 20 per cent intra-trade rate amongst OIC member states by 2015. Around 160 representatives from the OIC member countries participated at the event chaired by Morocco’s Minister of Trade, with Secretary General of the United Nations Conference on Trade and Development (UNCTAD) and WTO Deputy Director General in attendance.

Birama Sidibe, IDB Vice President, Operations, underlined the significance of awareness programs to prevent fraud and corruption in Multi-lateral Development Banks (MDBs) and stated that according to Islamic values it is a crime to remain passive in the face of corruption. ... In this context, MDBs have the responsibility to see that member countries obtain maximum value of their borrowing which they are paying from their resources”, stated the IDB Vice President.

Aqa stated that countries like Luxemburg, the United Kingdom and Japan are adopting Islamic finance. ... The most important thing is the conducive atmosphere for business,” stated the Vice President.

The IDB President expressed his appreciation on the role being played by the United Kingdom in promoting Islamic finance. The IDB President also held talks with the UK’s Secretary of State for International Development, Rt Hon,.