As IsDB 2023 annual meetings conclude, 77 financing agreements worth $5.4bln are signed

As IsDB 2023 annual meetings conclude, 77 financing agreements worth $5.4bln are signed

Jeddah, Kingdom of Saudi Arabia: Under the patronage of The Custodian of The Two Holy Mosques, King Abdullah bin Abdulaziz Al Saud, the Islamic Development Bank (IsDB) Group’s Annual Meetings successfully concluded, today, in Jeddah, Kingdom of Saudi Arabia.

The four-day event attracted 4,452 participants from 90 countries around the world as well as 89 leading regional and international organizations working toward sustainable development.

During the event, held under the theme, “Partnerships to Fend off Crises,” IsDB Group announced several projects and signed financing agreements with 24 member countries (MCs) worth US$ 5.4 billion to address pressing challenges that hinder growth in the Global South, with a focus on health, agriculture, food security, SMEs, education and humanitarian assistance, amongst others.

IsDB President and Group Chairman, H.E. Dr. Muhammad Al Jasser, stated, “Over the past four days, we have reviewed development-related issues with our partners and member countries. We discussed the current situation and the future of the IsDB Group, reaching a number of important decisions in the process. The results of these annual meetings are certain to pave the way for further success to come.”

During the event, the IsDB Group announced several key projects and signed agreements reinforcing its commitment to financing sustainable