IDB, UK Agency sign MoU for bilateral cooperation

Riyadh, January 26, SPA -- A Memorandum of Understanding (MoU) was
sighed here today between the Administration of International
Development in the United Kingdom and the Islamic Development Bank
(IDB) for cooperation, notably in the field of development and
fighting poverty.

The MoU stipulates cooperation for combating poverty in the world in
line with the millennium goals fixed by the UN as well as extending
basic services, particularly in the health, education and food
security domains in addition to finding new job opportunities in
cooperation with the private sector, implementation of Paris
declaration and assisting the developing countries to enhance their
capabilities in the statistical spheres.

The MoU was signed by Dr Ahmed Mohammed Ali, the President of the
IDB and Mike Foster, the minister of state for foreign development in
the UK.

Speaking on the occasion, Mike Foster said the MoU aims at financing
a joint project in the Yemeni city of Hoota for bringing potable
water and improving the sewage network.

On his part, Dr Ahmed Mohammed Ali said aspects of cooperation with
the British government are plenty, adding that the IDB is keen on
promoting cooperation with all international organizations and
governments which are concerned with the development aspect.


--SPA