IsDB Launches its Second USD 2 Billion Aid Package to Assist Member Countries Affected by COVID-19

Following the launch of an USD 730 billion aid package earlier this month, the Islamic Development Bank (IsDB) has launched a new aid package worth USD 2 billion for its member countries.

The IsDB stated that the aid package is aimed at overcoming the COVID-19 pandemic in the short term while delivering medium term actions through financing trade and SMEs to sustain their core business activities.

The USD 2 billion package which has been developed in line with the G20 global initiative also includes long term actions to build resilient economies across IsDB member nations.

Dr. Bandar Hajjar, the IsDB President, said that majority of the IsDB&rsq...