The financing package was approved Nov. 13 at an IsDB board meeting in Jeddah, Saudi Arabia. It includes the $227 million the bank pledged to contribute to polio eradication campaigns in Pakistan.
The package further includes:
$250 million for a power plant project in Egypt.
$61 million for the modernization of the North Dakar Expressway in Senegal.
$20 million for efforts to link small-scale farmers to markets in Sierra Leone.
$20.3 million for rainwater harvesting initiatives in Sudan’s White Nile, South Kordofan, Darfur and Sinnar states.
$16.8 million for the enhancement of cardiology services in Bouake, Ivory Coast.
$6 million for a sustainable villages program and $1 million for road construction in Kyrgyzstan.
IsDB board members also approved a series of grants for education programs in Muslim communities around the world as part of the financing package.
This package is at least the fourth IsDB passed this year for development projects in predominantly Muslim countries. In July, the board approved its largest ever financing package at nearly $1.2 billion, which is mostly for energy projects in five countries. On the same month, IsDB signed a $1 billion loan agreement with Egypt, while in March it injected $52 million into infrastructure and social services projects in Gaza.
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