IsDB Group signs 77 agreements worth $5.4 Billion

Industry

The Islamic Development Bank (IsDB) Group concluded its annual meetings held under the auspices of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud in Jeddah under the theme "Partnerships to Fend off Crises."

The four-day annual meetings witnessed the attendance of 4,452 participants from 90 countries, in addition to the participation of 89 international and regional partner organizations, according to SPA.

The meetings included launching several significant projects and signing financing agreements between 24 member countries worth $5.4 billion to address the severe challenges facing the countries of the south of the world.

The signed agreements cover the fields of healthcare, agriculture, food security, small and medium enterprises, education, and humanitarian support.

The meetings also launched seven significant projects.

They signed several agreements that include financing six projects in sustainable development, with a value of more than $558 million, focusing on inclusive growth and developing infrastructure in the Bank's member states.

The Group signed seven agreements for projects of sustainable development in Afghanistan with a value of $8 billion, including grants from King Salman Humanitarian Aid and Relief Center (KSrelief).

Source: Bahrain News Agency