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24 Jul 2012 description

JEDDAH, KSA, 17.07.2012 –The 284th meeting of the Board of Executive Directors of the Islamic Development Bank, which convened at IDB headquarters starting Sunday 16 July, under the chairmanship of Dr. Ahmad Mohamed Ali, President, IDB Group, approved more than US$ 1,158 million towards development projects financing for IDB member countries and Muslim communities in non-member countries. This is the largest amount of approvals by a single IDB Board meeting since the Bank’s inception in 1975.

11 May 2009 description
  1. As the largest and most active international financial institutions (IFIs) and development finance institutions (DFIs) investing, lending, and providing advisory services in Africa(1), the African Development Bank Group, the Agence Française de Développement Group, the European Investment Bank, the Development Bank of Southern Africa, German Financial Cooperation (through KfW), the International Islamic Trade Finance Corporation, and the World Bank Group, are launching a Joint IFI/DFI Action Plan to respond to the Financial Crisis in Africa coordinated through the African Financing …
02 Jun 2008 description

Jeddah, June 2, 2008 -- The Islamic Development Bank (IDB) announced today it is allocating US$1.5 billion to support efforts to meet immediate, medium and long term food crisis in its least developed member countries (LDMCs), though some programs will benefit other members as well.