Islamic Development Bank Approves $938M for Six Member Countries
The Islamic Development Bank has approved 938 million dollars in development financing for projects spanning energy, agriculture and health across six member countries, with transport and water and sanitation initiatives also receiving funding.
The approvals were signed off at a meeting of the IsDB Board of Executive Directors in Jeddah, chaired by IsDB President Muhammad Al-Jasser, according to a bank statement. Uzbekistan and Tunisia received the largest allocations, with Nigeria, Pakistan, Syria and the Kyrgyz Republic also benefiting.
The approvals follow a year of expanded lending for the IsDB Group, whose net approvals rose 20.2 percent to 15.8 billion dollars in 2025, up from 13.1 billion dollars the year before. At the IsDB level specifically, Ordinary Capital Resources approvals reached 5.7 billion dollars, with health making up 16.1 percent of that total, a sharp rise from 3.7 percent in 2024.
Al-Jasser said the projects reflect the bank’s approach of combining strategic financing, partnerships and country-led priorities to deliver real development impact. In its statement, the bank said the approvals highlight its ongoing commitment to turning development goals into tangible impact, lighting homes with cleaner energy, helping farmers build more productive livelihoods, safeguarding children from preventable disease, improving road connectivity, and expanding access to safe water and sanitation in rural areas.
Uzbekistan received the largest share of dollar-denominated funding. The board approved 115 million dollars for the Kungrad Wind Power and Battery Storage Project, a clean-energy investment meant to expand private wind capacity to meet rising demand, along with 202.15 million dollars for an Agriculture Mechanization Development Project aimed at expanding access to modern, efficient and climate-smart farming solutions.
Tunisia secured 335.49 million euros, about 380.6 million dollars, for a highway network extension project connecting the El Kef and Jendouba regions, intended to improve connectivity, support regional economic development, strengthen mobility and social cohesion, and upgrade road safety and transport infrastructure. The board also approved a 2.92 million dollar grant for Syria’s road transport sector, aimed at strengthening institutional credibility, building public confidence, supporting stabilization efforts and contributing to economic recovery through improved mobility, services and reconstruction.
On the health and water side, Pakistan was allocated 100 million dollars for a fifth phase of its Polio Eradication Project, supporting efforts to eliminate wild poliovirus and vaccine-derived polioviruses and strengthening the country’s path toward post-polio certification by the end of 2029. In the Kyrgyz Republic, 70.70 million dollars will fund the second phase of a project improving water supply and sanitation in the Jalalabad region, aimed at expanding access to safe, reliable and climate-resilient drinking water and sanitation in rural areas. Nigeria will receive 60.67 million dollars for an integrated agricultural development hub project in Katsina State, designed to raise farmers’ incomes and resilience by improving productivity and strengthening their ability to withstand climate and market shocks.
Also Read:
Google Plans Direct Reporting of Child Abuse Content to Indian Authorities
Two Republican Senate Candidates Take Different Stance From Trump on Iran War
