The Islamic Development Bank (IsDB) board of executive directors approved financing worth more than $3 billion for 20 social and economic development projects in 17 of its member states. The decision was made during the board s meeting held today at the IsDB headquarters in Jeddah. The approved projects are aimed at boosting social and economic development, with a strong focus on enhancing resilience and sustainability in critical sectors such as transportation, energy, agriculture, water resources, food security, health, and social development. IsDB President Dr. Muhammad Al-Jasser reaffirmed the bank s commitment to promoting sustainable economic growth across its member states. He highlighted the significant impact these projects are expected to have on infrastructure, regional economic integration, and resource management, all in alignment with the national development priorities of the member countries. Source: Saudi Press Agency
Recent Posts
US Historical Distortion Claims Dismissed by Iranian MP
October 16, 2026
Strait of Hormuz Closure Linked to Iran’s Rights, Says Army Chief
October 16, 2026
Imam Khamenei Honors Nurses on Lady Zeinab’s Birth Anniversary
October 16, 2026
Iranian Navy Detects Burning Oil Tanker in Strait of Hormuz
October 16, 2026
President Pezeshkian Attends Biodiversity Conference in Armenia
October 16, 2026
Iran Criticizes Colombia for Opening Embassy in Occupied al-Quds
October 16, 2026
Iran Expresses Concerns Over US Presence in Surrounding Region
October 16, 2026
President Pezeshkian Concludes Visit to Yerevan for COP 17
October 16, 2026