The IsDB Pledges USD 100 Million in Development Aid to Yemen

The Islamic Development Bank Group (IsDB) has pledged USD 100 million to Yemen over 2020-2023, according to a statement released by the IsDB. This comprises funding for development assistance, and includes USD 36.6 million to support the Government of Yemen’s efforts to fight the COVID-19 pandemic.

The announcement was made at a virtual pledging event hosted by the Government of Saudi Arabia during a United Nations (UN) virtual conference to help raise funds for the on-going humanitarian crisis, including fighting COVID-19, in Yemen.

According to His Excellency, Dr Bandar Hajjar, President of the IsDB, the IsDB has provided over USD 1 billion funding to Yemen since its incepti...