IDB approves $2.5bn for operational plan 2 JEDDAH

At the end of Shawwal 1429H, 153 operations including 56 projects and
87 technical assistance programs had been approved by the board,
totaling an amount of $2.13 billion. The 1430H plan is a 15 percent
increase in the rate of growth from the 1429H operational plan.

During its meeting, the board approved the total amount of $277
million for development projects and technical assistance in member
countries, and grants from WAQF (Endowment)Fund for Islamic
communities in non-member countries.

Details of project financing and trade operations approved by the
board include $153.6 million installment sale for a Railway Tracks
Project in Turkey; $52.65 million Istisna’a financing for the
reconstruction of irrigation and drainage network in Djizzakh and
Syrdaria Regions in Uzbekistan; $37.3 million Istisna’a financing for
the Arboutachatak-Bitkine Road Project in Chad, and $16.17 million
Istisna’a sale for the Dangoumana Hydro-Agricultural Development
Project in Burkina Faso.

Grants from the Waqf Fund include $125,000 for the construction of
vocational training circle for Muslim Ladies Study Circle in Galle
Town in Sri Lanka; $115,000 for the Construction of Students Hostel
Building for Jamiatul Islah Islalmia, Bhutaha Town in Nepal, and
$150,000 for the Construction of Girls Hostel building at Hazrat
Munam Pak Talimee Public School, Hazaribagh District, Jharkhand
state, India.

--SPA