RIYADH The recently finished annual meetings of the Islamic Development Bank Group resulted in the signing of up to 85 agreements totaling over $8 billion across various sectors.
In comparison, only 77 loan deals worth $5.4 billion were recorded at the sessions last year.
The signature of finance agreements between the group’s institutions, 38 member nations, and 22 international financial institutions covering a variety of projects was revealed by IsDB Chairman Mohammed bin Sulaiman Al-Jasser during the final press briefing. He applauded the Saudi leadership for supporting the group, pointing to it as evidence of the Kingdom’s dedication to international collaboration and advancement.
The chairman said that over 27 important side events and meetings of the IsDB Group’s councils were among this year’s activities, underscoring their relevance.
There were almost 3,750 people in attendance at these sessions, including eminent scholars, professionals, and researchers from various developmental fields. Among them were 23 institutional heads and representatives from about 55 international and regional partner organizations.
Al-Jasser described the events of the Private Sector Forum and mentioned that more than 1,500 representatives from more than 60 countries participated. Thanks to the forum, which included 17 events, over 60 agreements totaling approximately $6.5 billion were signed.
The chairman claims that the IsDB has contributed significantly to advancement over the last fifty years by providing money for development projects with a combined value of more than $182 billion. These programs have covered numerous crucial areas, from fundamental agriculture and infrastructure to critical industries like energy, trade, and Islamic finance, as well as health, education, and the environment.
Also Read:
Outside of the US, Cows may contract Bird Flu, According to WHO
Judge Fines Trump US$9,000 for Breaking a gag Order and issues a Jail Threat.
