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In Uzbekistan, UN agencies, banks, governments work to rebuild after pandemic - Uzbekistan

In Uzbekistan, UN agencies, banks, governments work to rebuild after pandemic Format Guided by a joint Multilateral Socio-Economic Response and Recovery Offer, developed with UNDP as technical lead, 23 UN and other multilateral entities have mobilized to support in seven priority areas, with the aim of mitigating knock-on effects on millions of people’s lives, livelihoods, and the economy. © UNDP Uzbekistan Tashkent Seventeen United Nations agencies and six international financial institutions (IFIs) are working together in Uzbekistan to address COVID-19’s devastating impacts on the Central Asian republic creating jobs, re-skilling migrant workers, delivering medical and protective gear, and providing vital information and expertise to its 33 million people.

Islamic Development Bank to Provide $60 Million to Pakistan for Polio Vaccine

Islamic Development Bank to Provide $60 Million to Pakistan for Polio Vaccine Islamic Development Bank (IsDB) will provide financing of $60 million to Pakistan for the polio vaccine, including a $21 million ‘Lives and Livelihood Fund (LLF)’ grant. Economic Affairs Division, on behalf of the government of Pakistan, signed a financing agreement with the representative of IsDB for the financing of $60 million. This amount comprises a $39 million loan and a $21 million LLF grant by the IsDB. These funds will be utilized for polio vaccination. Noor Ahmed, Secretary Economic Affairs Division, appreciated IsDB’s support to Pakistan for Polio Eradication Program (2019-2021). He said, “Today, we celebrate the long-standing partnership with the Islamic Development Bank. Over the years, we have received consistent support from the bank to keep up the fight for a polio-free Pakistan. We also thank partners of Lives & Livelihood Fund (LLF) for allocation of grant for this cause.”

AIX Welcomes IsDB Sukuk Listing To Expand The Range Of Islamic Instruments

AIX Welcomes IsDB Sukuk Listing To Expand The Range Of Islamic Instruments Date 28/12/2020 Astana International Exchange (“AIX”, “Exchange”) is pleased to announce the cross-listing of three Sukuk issuances of the Islamic Development Bank (IsDB). The Shari’ah-compliant, fixed-income instruments were issued through IDB Trust Services Limited, its Special Purpose Vehicle (SPV) during the course of 2019-2020 under IsDB’s Medium-Term Note (MTN) program of US$ 25 billion. The securities have previously been admitted to trading on Euronext Dublin, Nasdaq Dubai and Bursa Malaysia (under the Exempt Regime). The listed instruments comprise of three 5-year maturity tranches of EUR 1 billion (Green Sukuk), US$ 1.5 billion (Sustainability Sukuk) and US$ 2 billion (traditional Sukuk).

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