The Islamic Development Bank (IsDB) Group on Monday approved a $2.12 billion financing for new projects that support socio-economic development and promote sustainability of member countries.
Some 16 projects in sectors such as transport, energy, health, and education, besides youth development/entrepreneurship-employment, were approved during the board meeting, an IsDB Group statement said.
Top among the approvals is IsDB’s €803.3 million ($845.6 million) financing to help Indonesia enhance the physical and service capacity of the health referral system, ensuring that everyone has equal access to quality health care services in all districts, cities, and provinces.
The board will provide €187.84 million to Morocco for the “Construction of Guercif-Nador Highway Project” which aims to improve the connectivity of the Oriental region and the Nador West Med port complex by completing the construction of 104 km of highway including 17 bridges and 53 flyovers by 2029.
Source : AA