October 27, 2021

US $176 million project for African Sahel countries

2 min read

Jeddah — The Islamic Development Bank has announced the opening of special accounts for a US $176 million project within the context of the “Jeddah Declaration” to enhance the capacity of people to adapt to recurrent droughts in the African Sahel countries of Burkina Faso, Chad, the Gambia, Mali, Mauritania, Niger and Senegal.sahel

The Sahel region, a band that extends across Africa just below the Sahara desert, is becoming more vulnerable to graver challenges caused an unprecedented conflict and drought which leave more than 23 million people food insecure in West Africa.

“All signs are pointing to another challenging year for farmers and pastoralists in the Sahel who are trying to meet their minimum basic needs for their families,” says Bahram Amintorabi, disaster management coordinator, International Federation of Red Cross and Red Crescent Societies Sahel region, in a release.

The Sahel region, a band that extends across Africa just below the Sahara desert, faces frequent drought and inadequate rain seasons. A drought in 2012 that affected more than 20 million people galvanized the international community to act.

Ethiopia drought

The Board of Executive Directors of the Islamic Development Bank (IDB) approved financing for several major new and also ongoing projects during its 309th meeting in Jeddah on 29 December 2015.

Four Member countries – Kazakhstan, Lebanon, Pakistan and Turkey – will receive US $466.4 million for development projects.

Four special assistance grants were approved under the IDB Waqf Fund. A total of US $650,000 will go towards education and health care projects for Muslim communities in Canada, Ethiopia, the United Kingdom and Zimbabwe. The grants are in line with the Bank’s continued efforts for socio-economic development and advancement of Member countries and Muslim communities in non-member countries.

Other major Board approvals include:

  • US $273 million to reconstruct the Aktobe-Makat Road project in Kazakhstan
  • US $90 million to assist the polio eradication program (2016-2018) in Pakistan
  • US $82 million to support the Konya PPP Hospital project in Turkey
  • US $20.7 million to construct the Bir-Al Hith Qartaba Road (phase III) in Lebanon

Leave a Reply

Copyright © All rights reserved. Newsphere by AF themes.