The IsDB and ICD Sign Agency Agreement for The Execution of R2 COVID Support Package

President of Islamic Development Bank (IsDB) Dr Bandar Hajjar and Chief Executive Officer (CEO) of the Islamic Corporation for the Development of the Private Sector (ICD), Ayman Sejiny, have signed the Agency Agreement for the implementation of IsDB Group’s R2 COVID Support Package.

Why it matters?

The Agency Agreement for the implementation of R2 COVID Support Package is expected to assist IsDB Group Member Countries to revive their economies by recovering from the adverse impacts of the ongoing COVID-19 pandemic. The agreement was developed with the vision of improving intra-group collaboration and cooperation between other multilateral development banks (MDBs) and international financial institutions.

As per the Agr...