JEDDAH, July 29 (KUNA) -- The 306th meeting of the Board of Executive Directors of the Islamic Development Bank (IDB) held at its headquarters in Jeddah has approved USD 76.6 million for funding new development projects in member countries as well as for Muslim communities in non-member countries.
During the meeting, the Board also reviewed a number of IDBآ’s programs, policies and future plans.
The Board approved USD 40.4 million for two water projects in Cameroon and Kyrgyzstan as well as USD 21.2 million for financing the "Animal Resources Development Project in Western Sahel Project" in Mali.
The Board reviewed a number of reports during the session including a report on IDB Group 10-Year Strategy Progress; a report on Member Countriesآ’ Partnership Strategy (MCPS) at Group level, as well as one on Administrative and Organizational Arrangements made for the 40th Annual Meeting of the IDB Group held in Maputo, Mozambique, last June.(end) nh.tg