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As of December 2021, the Islamic Development Bank (IsDB) Group has approved total financing of about US$ 14.5 billion for 412 projects in Pakistan out of which 372 are completed and 40 are active ongoing projects.
Export credit agencies (ECAs) and trade credit insurers have hurriedly axed coverage for Russia and Belarus as the deepening conflict and western sanctions interrupt trade and major projects. At least 10 ECAs have stopped or limited coverage for the two countries since late February, when Russian President Vladimir Putin launched an invasion of Ukraine. Many ...
Biden’s Executive Order 14024 due to Russia’s invasion of Ukraine Office of Foreign Assets Control OFAC restrictions on economic activity with Russia, FinTechs Learn from Previous OFAC Actions
In coordination with the United States, EU, and other allies, Canada, Australia, Japan, and South Korea have announced a series of additional sanctions on Russia.
Riyadh, Kingdom of Saudi Arabia, 27 February 2022 – As part of his regular and constant interactions with Member Countries, Islamic Development Bank (IsDB) President and Group Chairman, H.E. Dr. Muhammad Al Jasser, met, today, in Riyadh, with Senegalese Ambassador to the Kingdom of Saudi Arabia, H.E. Dr. Mamadou Mamoudou Sall. The meeting offered both sides the opportunity to discuss bilateral relations and review the cooperation between the IsDB Group and the Republic of Senegal, where IsDB Group’s int…