Islamic Development Bank allocates $2.8B for projects in nine nations

The Board of Executive Directors of the Islamic Development Bank approved a development financing package worth $2.8 billion aimed at supporting projects in nine countries. The funding includes infrastructure development for transportation and energy, strengthening food security, and achieving environmental sustainability, with the goal of enhancing regional connectivity and advancing the Sustainable Development Goals. Among the projects are financing for a railway line in Uganda, the Istanbul Gateway, solar energy projects in Nigeria and Palestine, as well as efforts to improve energy security and agriculture in several other countries.

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