Islamic Development Bank and UN agency pledge $250m each to tackle climate change, improve food security
- Date: 16-Apr-2021
- Source: The National
- Sector:Financial Services
- Country:Saudi Arabia
Islamic Development Bank and UN agency pledge $250m each to tackle climate change, improve food security
Jeddah-based Islamic Development Bank and UN agency International Fund for Agricultural Development signed a cooperation and co-financing agreement to tackle climate change, improve food and water security and other strategic priorities in common member countries, Saudi Arabia's official news agency SPA reported on Thursday.
The agreement was signed virtually on Wednesday by Bandar Hajjar, IsDB president, and Gilbert F. Houngbo, president of IFAD.
As part of the agreement, each of the two institutions will contribute $250 million over the next five years to achieve these goals.
“The renewal of our partnership
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