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08 Oct 2015 description

Jeddah, KSA, 05.10.2015 – The Board of Executive Directors of the Islamic Development Bank (IDB) at its 307th meeting that ended on Monday, 5 October 2015, approved US $895 million to contribute towards new development projects in IDB member countries, namely; Togo, Benin, Chad, Bangladesh, Burkina Faso, Guinea, Côte d’Ivoire, Pakistan, Suriname, and Cameroon.

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.

28 Nov 2011 description

Sunday, 27 November 2011

22.11.2011, Jeddah, KSA – The 279th meeting of the Board of Executive Directors of the Islamic Development Bank which convened on Sunday at IDB headquarters in Jeddah, expressed its satisfaction over IDB’s unprecedented level of financing during 2011: with an amount of $ 4.2 Million during the year, the IDB posted its highest annual achievement in terms of project financing, excluding financings by other IDB Group entities.

17 Feb 2009 description

The Board of Directors of the Islamic Solidarity Fund for Development (ISFD) which held recently its 9th meeting at the headquarters of the Islamic Development Bank (IDB) in Jeddah approved two Projects totaling US$ 19.4 million for rural development in Sudan and combating Malaria in Chad.

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.