IDB approves financing for projects in four member countries

The Board of Executive Directors of the Islamic Development Bank (IDB) has approved financing for new and ongoing projects during its 309th meeting in Jeddah, KSA.

Four member countries – Kazakhstan, Lebanon, Pakistan and Turkey – will receive US$466.4 million for development projects: 

• US$273 million to reconstruct the Aktobe-Makat Road project in Kazakhstan
• US$90 million to assist the polio eradication programme (2016 to 2018) in Pakistan
• US$82 million to support the Konya PPP Hospital project in Turkey
• US$20.7 million to construct the Bir-Al Hith Qartaba Road (phase III) in Lebanon

The agenda for the 41st Annual Meeting of the Board of Governors slated for 18 to 19 May 2016 in Jakarta, Indonesia, was also approved.