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04 Apr 2017 description
  • 2 nd meeting of the LLF Impact Committee in Riyadh approves major pipeline of $242.6 million in development projects for 2017

  • Representatives from Saudi Arabia, Qatar, UAE, the Bill & Melinda Gates Foundation, the Islamic Solidarity Fund for Development, and the Islamic Development Bank agree on project pipeline to lift poorest OIC countries out of poverty

  • Projects approved in Tajikistan, Sudan, Djibouti, Niger, Mauritania, Cameroon, Uganda, and Guinea

18 Feb 2013 description

Jeddah, KSA, 11.02.2013 – According to a financing agreement signed on Saturday at IDB headquarters between Dr. Ahmad Mohamed Ali, Chairman, IDB Group, and H.E Dr. Sidi Ould Bebaha Ould Tah, Minister of Economic Affairs and Development and IDB Governor for Mauritania, the IDB will contribute US$ 16 million for the expansion of health care services in Mauritania’s rural areas.

18 Sep 2012 description

Jeddah, 13.09.2012 – At its 285th meeting that started last Sunday at IDB headquarters in Jeddah, the Board of Executive Directors of the Islamic Development Bank (IDB) chaired by HE Dr. Ahmad Mohamed Ali, President, IDB Group, approved around US$ 425 million to finance development projects in member countries and for Muslim communities in non-member countries.

13 Aug 2012 description

According to a recent study by the IDB, the world is expected to witness continued fluctuation in food commodity prices for a few more years to come. The study cautions that the impact of hunger as a result of the global price fluctuations is likely to undermine the development process in its developing and least developed member countries.

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.

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.