Isdb Approves Financing For Water Resources Management In Azerbaijan
Date
10/15/2024 5:10:35 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, October 15. The Board of
Executive Directors of the Islamic Development bank (IsDB) has
approved $96.73 million financing for water resources management to
boost agricultural productivity and ensure food security, Trend reports via the
Bank.
The approval came during the 357th IsDB Board meeting chaired by
IsDB President, Muhammad Al Jasser, on 14th October 2024.
In total, the Bank approved more than US$ 3 billion in financing
for 20 socio-economic development projects across 17 member
countries.
Among other recipients are:
Kazakhstan: $1,153.5 million for a climate resilient water
resources development project to enhance agricultural productivity
and ensure food and water security.
Kyrgyzstan: $45.11 million to enhance the livelihoods of
smallholder farmers and improve food security through agriculture
mechanization as well as $58.25 million additional financing aiming
at fostering social and economic development in Issyk-Kul region
through reliable and efficient energy supply
Uzbekistan: $138.80 million to upgrade an existing road, from a
four-lane dual carriageway to a six-lane dual one, in order to
accommodate current and future traffic demands, enhance regional
and local connectivity, and improve road safety.
Türkiye: 246.40 million euros ($261.18 million) to contribute to
safe, accessible and sustainable transport systems through the
Eastern Türkiye Middle Corridor Railway Development Project as well
as $100 million additional financing for another project for
economic recovery in earthquake-affected regions and to improve
productivity and competitiveness across the country.
Furthermore, the IsDB Board approved a US$ 10 million grant
operation contribution to the Health Impact Platform in partnership
with the World Health Organization, thus joining efforts with
partners towards improving global health outcomes.
Follow the author on X: @Lyaman_Zeyn
MENAFN15102024000187011040ID1108779300
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.