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Wednesday 29 Jul 2015 - 13:22 Makkah mean time-13-10-1436
Jeddah (IINA) – The Islamic Development Bank (IDB) Group approved $76.6 million for funding new development projects in member states as well as for Muslim communities in non-member countries.
This came during the 306th session of the IDB Board of Executive Directors, which concluded here on Tuesday under the chairmanship of IDB President Dr Ahmad Mohamed Ali. A number of IDB’s programs, policies and future plans were also reviewed during the meeting.
The Board approved $40.4 million for two water projects in Cameroon and Kyrgyzstan as well as $21.2 million for financing the “Animal Resources Development Project in Western Sahel Project” in Mali. Other approvals included: $13.7 million for “Vocational Training School for Agriculture, Livestock and Fisheries Project in Zouan-Hounien” in Cote d’Ivoire, around $1.3 million as grants to support educational efforts in Muslim communities in non-member countries namely: Belgium, Burundi, Turkish Republic of Northern Cyprus, Ethiopia, India, Rwanda and the United Kingdom.
The Board reviewed a number of reports during the session including a report on IDB Group 10-Year Strategy Progress; a report on Member Countries’ Partnership Strategy (MCPS) at Group level, in addition to one on Administrative and Organizational Arrangements made for the 40th Annual Meeting of the IDB Group held last June in Maputo, Mozambique.
AB/IINA
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