On May 19, 2025, the 50th Annual Meetings of the Islamic Development Bank (IsDB) Group opened in Algiers, bringing together finance and economy ministers from all 57 member states of the Organization of Islamic Cooperation.
On the first day, the Bank’s Board of Directors approved a $1.32 billion financing package, of which $665.8 million was allocated to seven African countries for the modernization of transport corridors in the Sahel, healthcare infrastructure in the Horn of Africa, and the development of rice production in Côte d’Ivoire.
In parallel, the African Development Bank and the IsDB signed a strategic partnership to address state fragility, establishing a framework for coordinating Islamic and multilateral capital until 2030.
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