Islamic Development Bank

Ivory Coast partners Islamic Development Bank to launch US$99m sanitation project

October 25, 2020October 25, 2020 Frank

IVORY COAST – The government of Ivory Coast has partnered with the Islamic Development Bank to launch a new US$99.6 million sanitation and drainage project in the country’s capital, Abidjan. The Islamic Development Bank (IDB) will finance 96% of the project dubbed the Sustainable Improvement of the Sanitation and Drainage Situation (PADSAD) while the remaining 4% will be covered by the State of Ivory Coast. (PADSAD) according to state authorities, aims to improve the health of people in the Abidjan district, particularly those in the communes of Cocody, Yopougon, Abobo,…

Islamic Development Bank Group designates US$2.3B for COVID19 impact alleviation program

July 9, 2020August 29, 2020 Frank

MENA – The Islamic Development Bank (IsDB) has designated a total of US$2.3 billion for programs meant to alleviate the adverse impacts of the raging COVID19 pandemic. The IsDB Group’s response package includes US$ 700 million from the Bank’s private sector entities (ICIEC, ICD and ITFC). The Islamic Bank made this known during a webinar that was held early this month to discuss the challenges facing the Private Sector and Global Economy during the COVID-19 outbreak. IsDB in a statement revealed that the US$2.3 Billion will be used to fund…