Islamic Development Bank approves $2.8B funding

The Board of Executive Directors of the Islamic Development Bank approved a developmental financing of $2.8 billion to support infrastructure and sustainable development projects in several countries. The funding covered projects in Uganda, Turkey, Tajikistan, Nigeria, Ivory Coast, Palestine, Bangladesh, and Gambia, with the aim of improving transportation, electricity, renewable energy, and food security, thereby contributing to sustainability and climate change resilience. These decisions are part of the bank's strategy during the 2026 meetings in Baku, which focus on regional integration and sustainable development.

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