The Islamic Development Bank (IsDB) has approved over $1.4 billion in financing to drive progress on the Sustainable Development Goals (SDGs) across eight of its Member Countries. The chosen projects cover critical sectors such as food security, health, education, transport, sanitation, and urban development, and reveal the Bank’s commitment to fostering inclusive and sustainable development.
In Türkiye, two major initiatives will receive substantial support. A €500 million financing package will back the Disaster-Resilient Health Infrastructure Development Project, enhancing access to resilient and accessible healthcare services. Additionally, €200 million will go toward the Municipal Infrastructure for Recovery and Resilience Project, aimed at upgrading water, wastewater, and transport services. The latter is expected to benefit an estimated 3 million people.
The IsDB will also provide $241.30 million in financing to build five climate-resilient bridges in Bangladesh's Mymensingh Division. This project aims to improve the lives of the population by reducing vehicle operating costs, travel time, and greenhouse gas emissions.
Nigeria is set to receive $102.38 million in support. This includes $52.38 million to boost food security in Zamfara State and $50 million to strengthen healthcare infrastructure and advance medical education in Sokoto State.
Uzbekistan’s healthcare system will benefit from $92.98 million in funding to improve services in the Kashkadarya region. An additional US$10 million was also approved to continue supporting the development of oncology services in the country.
In West Africa, Togo will receive €141.44 million to enhance regional connectivity through the Rehabilitation of the WAEMU CU18-Ghana-Benin Border Road Project. This vital regional infrastructure project is expected to enhance trade, lower transport costs, and support food security.
The IsDB financing approvals also aim to improve basic education in Cameroon. A €36.80 million joint facility from IsDB and ISFD under the SMART-Ed Initiative will help enhance the capacity and efficiency of the country’s educational system ensuring inclusive quality basic education for around 154,000 children.
Furthermore, €35.07 million was approved for Burkina Faso’s Ouagadougou Suburban Sanitation Project, which aims to improve rainwater drainage and address flooding in the capital. It will also help upgrade public sanitation and healthcare while creating green jobs especially for women and youth.
Lastly, $30.48 million will be invested in the Livestock and Livelihoods Development Project in Sierra Leone, designed to enhance food and nutrition security, promote livestock production, and open up economic opportunities for rural communities, particularly for women and young people.
Together, these initiatives reflect IsDB’s strategic approach to sustainable development and its aim to invest in projects that directly improve lives and build resilient, thriving communities.
Keep an eye on our website and LinkedIn page for the latest news on major funding initiatives by public institutions across the EMEA region, such as the Islamic Development Bank, the African Development Bank and the World Bank.
