Islamic Development Bank announces $2 bln COVID-19 response package
The Islamic Development Bank on Monday (Mar 23) announced a $2 billion COVID-19 response package for member states.
The 3 Rs package, standing for Respond, Restore, and Restart, starts with pandemic preparedness, in cooperation with G20 Global Initiative, follows with medium-term action through financing for trade and SMEs, and includes long-term action to build resilience.
“The number of IsDB member countries affected by COVID-19 has reached 45 out of 57, with total confirmed cases reaching 27,579 people, 1,691 of whom have died as of 22 March 2020. We have already received requests for financial support from more than 20 member countries,“ IDB president Dr. Bandar Hajjar said in a statement.
Free, in under 30 seconds
Join thousands of professionals reading Salaam Gateway — the Global Islamic Economy Gateway.
Already a member? Sign in
- 5 free articles every month
- Weekly Islamic-economy newsletter
- Save articles to read later
