ICD Announces USD 250 Million Emergency Funding to Assist Member Nations Affected by COVID-19

The Islamic Corporation for the Development of the Private Sector (ICD) has announced a USD 250 million emergency fund, expressing its concern over the health and well-being of its member countries, partners and employees due to the COVID-19 pandemic.

Being a multilateral organization affiliated with the Islamic Development Bank (IsDB) Group, ICD will be providing this funding mainly in the form of medium-to long-term financing instruments to assist its clients in the financial, agri-food, energy and other affected sectors. ICD also expects to help the private health care sector of affected member countries to fulfil the increasing demand for services, equipment and medication.

ICD...