ISDB finances the first public-private partnership toll-road concession in Kazakhstan The Islamic Development Bank (ISDB) together with other multilateral co-financiers participated in providing joint funding of $585 million to BAKAD Investment and Operation Limited Liability Partnership, a project company set up to develop and operate a 66-kilometer Ring Road north of Almaty on a public-private partnership basis.
IsDB President meets virtually with governors of member countries to discuss financial assistance to combat COVID-19 The virtual meetings between the IsDB President and IsDB Governors continued for the third week with the aim of discussing each member country’s immediate needs and assessing the challenges posed by COVID-19 especially in health and economic sector.
IsDB approves more than $592 million to finance new development projects The Board of Executive Directors of the Islamic Development Bank (IsDB) has approved $592.2 million in financing for new development projects in several member countries and some Muslim communities in non-member countries.
Tajikistan and IDB plan increased cooperation in trade and infrastructure The President of the Republic of Tajikistan, His Excellency Emomali Rahmon, and the Islamic Development Bank President, Dr. Ahmad Mohamed Ali, have discussed ways to enhance cooperation in the areas of trade and infrastructure projects.
IMF approves additional disbursement for Kyrgyz Republic The Executive Board of the International Monetary Fund (IMF)completed the fifth review of Kyrgyz Republic’s economic performance under the program supported by the Extended Credit Facility (ECF).
