20 Hrs
Source:
الاقتصادية
Islamic Development Bank conclues with $6B deals
The Islamic Development Bank Group concluded its annual meetings in Baku by signing 67 agreements valued at a total of 6 billion dollars. These agreements primarily focused on financing projects in infrastructure, energy, transportation, and water across member countries. The meetings resulted in funding of 2.8 billion dollars for nine projects in nine countries, including upgrading a refinery in Bangladesh and railway projects in Uganda and Turkey, as well as boosting trade with amounts reaching 2.9 billion dollars through various agreements and financing platforms. These discussions occur amidst efforts to accelerate development and promote regional integration despite ongoing economic challenges.
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