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ISDB - International Society of Drug Bulletins

Climate love

Approves US$418 Million to Boost Clean Energy, Food Security, and Transport in Tajikistan, Benin, Cote ‘d Ivoire, and Tü

The Islamic Development Bank (IsDB) has approved approximately US$418 million to fund new development projects in member countries, the bank said in a statement on Saturday.

The board, chaired by IsDB President H.E. Dr. Muhammad Al Jasser, approved four projects during its 355th meeting that focus on socio-economic development and sustainability. The meeting was held on Saturday in Riyadh, Kingdom of Saudi Arabia, on the first day of the 2024 IsDB Group Annual Meetings and the Golden Jubilee marking the 50th Anniversary of the Bank.

Tajikistan received US$150 million for the construction of the Rogun Hydropower Plant Project's Lot-4 (Left Bank Structures). The project aims to provide clean, affordable, and reliable renewable electricity to meet the country's growing domestic demand, enhance energy security, and commercialize it through the regional power market.

The IsDB board approved EUR60.57 million for the Root and Tuber/Regional Cassava Value Chains Development Project in Benin. The project aims to improve food security, economic growth, and household income through better production, processing, marketing, and private sector involvement in the cassava, sweet potato, and yam value chains.




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9 more agrees trigger social media ads

  • Ann Nyambura

    4 w

    This is a significant milestone in the journey towards sustainable development!

    • We Don't Have Time

      4 w

      Dear Lucky Charo Your climate love has received over 50 agrees! We have reached out to ISDB - International Society of Drug Bulletins by email and requested a response. I will keep you updated on any progress! To reach more people and increase the chance of a response, click the Share button above to share the review on your social accounts. For every new member that joins We Don't Have Time from your network, we will plant a tree and attribute it to you! /Varsa, We Don't Have Time

      1
      • winnie nguru

        4 w

        Climate financing does go a long long way in ensuring set climate goals are achieved if not surpassed. Good job Islamic Development Bank!

        1
        • George Kariuki

          4 w

          This is a great step towards a more sustainable future. Food security and improved transport are also crucial aspects of tackling climate change. This is a well-rounded approach by the IsDB. 🤝

          3
          • Kevin

            4 w

            Financial institutions being at the fore front in funding such amazing climate sustainability projects is exactly what we want to hear.

            5
            • Rukia Ahmed Abdi

              4 w

              Wow.This is a decision of it's kind by Islamic development bank on climate sustainability, congratulations

              4
              • walter lungayi

                4 w

                This is a great move. Funding for clean energy, food security, and transport projects across Tajikistan, Benin, Côte d'Ivoire, and Türkiye is a significant investment in sustainable development This multifaceted support will drive economic and social progress in these nations.

                4
                • Gorffly mokua

                  4 w

                  This demonstrates a significant commitment to sustainable development. This investment will not only improve infrastructure but also promote environmental resilience & economic growth.

                  4
                  • Saustine Lusanzu

                    4 w

                    Congratulations to the Islamic Bank for providing funds to scale up sustainable projects! We need more financing in environmental conservation and climate change projects

                    11
                    • johnte ndeto

                      4 w

                      These projects align perfectly with the goals of socio-economic development and environmental sustainability.

                      4
                      • Princess

                        4 w

                        Kudos to the Islamic Development Bank for its dedication to positive change and progress!

                        12
                        • Saustine Lusanzu

                          4 w

                          @princess_nel_268 they really deserve Climate Love, this is a good action to support sustainable projects

                          3
                          • Gorffly mokua

                            4 w

                            @princess_nel_268 And all banks should follow suite!!

                            3
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