IsDB Approves USD 73.55 Million in Financing for Development Projects in Bangladesh, Togo and Iraq

The Islamic Development Bank (IsDB) has approved new financing amounting to USD 73.55 million to support development projects in Bangladesh, Togo and Iraq. The announcement was made at IsDB’s recent 342nd-period meeting of Board Members led by Dr Muhammad Al Jasser, IsDB President and Chairman of the Board, according to an IsDB statement issued on the 26th of September 2021.

Why it Matters?

Out of the new financing approved by IsDB, Bangladesh will receive the largest share of USD 36.4 million for the Inclusive and Integrated Sanitation and Hygiene Project in 10 priority towns, and USD 19.6 million from the Lives and Livelihood Fund, which will impact 1.4 million Bangladeshi people via the provision of sanitation and hygiene facilities and serv...