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Islamic Finance

IsDB approves $1.4bn to accelerate development goals in member countries


Saudi-based lender Islamic Development Bank (IsDB) has approved more than $1.4 billion in funding to advance sustainable development goals across select member countries. 

The development projects will cover food security, health, education, transport, sanitation, and urban development sectors in eight IsBD member states, the lender said in a statement. 

The approvals include 500 million euros to finance a health infrastructure development project in Türkiye to address accessible and resilient healthcare services. Another undertaking to improve municipal services in water and wastewater management as well as transport services in the country has won a financing facility worth 200.20 million euros.

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