IsDB, Bangladesh near $1.6B partnership deal

A train in Bangladesh. A new cooperation program with the Islamic Development Bank aims to provide funding for infrastructure projects in the country, particularly for railways and roads. Photo by: vipez / CC BY-NC-ND

The Islamic Development Bank and Bangladesh could finalize a new cooperation program as soon as this month.

Under the 2013-2016 member country partnership strategy for Bangladesh, IsDB would reportedly provide $1.6 billion, with a focus on energy, human resources and infrastructure development, particularly railways and roads.

According to Kazi Shofiqul Azam, additional secretary of economic relations at the Bangladeshi Ministry of Finance, the bank has offered financing for health sector development but the government is “not interested” in the proposal as the country gets enough help in this area from other donors such as the World Bank and Asian Development Bank.

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About the author

  • Eliza Villarino

    Eliza Villarino currently manages one of today’s leading publications on humanitarian aid, global health and international development, the weekly GDB. At Devex, she has helped grow a global newsroom, with talented journalists from major development hubs such as Washington, D.C, London and Brussels. She regularly writes about innovations in global development.