IsDB approves $176m for development projects in 4 countries

RIYADH: The Islamic Development Bank has approved $176 million for food security, health, transport and water and sanitation projects in four member countries.

The countries include Guinea Bissau, Togo, Benin and Cameroon, according to a statement. 

“Fighting poverty has always been at the core of our partnerships & engagements with our member countries. We need novel, socially responsible solutions to fight poverty and promote shared prosperity,” chairman Muhammed Al-Jasser said. 

This happens during the bank’s 346th session of its board of executive directors at Lamborghini International Congress Center in Sharm-El Sheikh in Egypt.