The Islamic Development Bank has approved $717 million worth of financing for energy, education and water projects in several of its member countries.
The approved assistance package includes $198 million for education and energy projects in Bangladesh, $191 million for water projects in Bahrain, $95 million to support power production in Senegal, and $75 million for an Islamic bank in Turkey, Bloomberg reports, citing a statement from the bank.
IsDB has also approved grants for Muslim communities in Brazil, China, Ethiopia, Burundi and other non-member countries, Bloomberg says.
Meanwhile, the bank and Mozambique are reportedly set to sign three loan agreements worth $30 million, the news agency says, citing a Mozambique-based newspaper. The money will be used for the construction of water and sanitation facilities, roads and schools.
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