In the statement made by the bank, it was stated that the members of the IDB Executive Board came together on the first day of the Bank’s 2024 Annual Meeting and approved the financing of 418 million dollars.
At the meeting, Tajikistan donated 150 million dollars for the construction of the Rogun Hydroelectric Power Plant, 60.57 million euros for the cassava project that will increase food security in Benin, 70.46 million euros for the cassava project in Ivory Coast to increase food security and ensure economic growth, Turkey Approval was given to provide 120 million euros of financing for the Nakkaş-Başakşehir Motorway Project in .
In the statement, it was stated that the IsDB Group has always been determined to support member countries in their pursuit of prosperity and achievement of sustainable development goals, as well as strengthening their resilience to future development challenges.
The IDB was founded on December 7, 1973 by all member countries of the Organization of Islamic Conference, including Turkey. The Bank, which officially started its activities on October 20, 1975, operates with the aim of contributing to the economic and social development of member countries and Muslim societies.
Tags: million euro financing Islamic Development Bank Turkey
