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Jeddah, Kingdom of Saudi Arabia, 10 December 2022 – The Board of Executive Directors of the AAA-rated Jeddah-headquartered Islamic Development Bank (IsDB) today approved US$ 363.6 million to finance new development projects in eleven member countries. At its 348th meeting held on 10 December, the Board also approved the Bank's Integrated Work Program 2023-2025 and Budget 2023 and  the markup rate applicable from 1 January 2023 to 30 June 2023 for OCR Sovereign Projects' Financing. Chaired by IsDB P…

Sharm El Sheikh, Egypt, 8 November 2022 – The Islamic Development Bank (IsDB) Group premises of the ongoing COP27 summit in Sharm El Sheikh played host to a high-profile side event on Tuesday 8 November 2022, on “Harvesting Data, Harvesting Food” co-organized by IsDB and Community Jameel, a global organization for science advancement since 2003. Welcoming the Minister of Planning and Economic Development of the Arab Republic of Egypt, H.E. Dr. Hala El Said, as well as other distinguished speakers to the eve…

Download logoDirector General of Islamic Solidarity Fund for Development (https://ISFD.IsDB.org), Dr. Hiba Ahmed, addressed the 2022 UN’s General Assembly

The Islamic Development Bank (IsDB) Group has endorsed a $10.54 billion comprehensive Food Security Response Program (FSRP) package that will support member countries in addressing the ongoing food crisis.

The Islamic Development Bank (IsDB) Group has held an extraordinary joint meeting of the IsDB Board of Executive Directors, the Board of Directors of the Islamic Solidarity Fund for Development (ISFD), and the Board of Directors of the Islamic Corporation for the Insurance of Investment