What are the four key development projects approved by the Islamic Development Bank?

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The Islamic Development Bank Approved Four Key Development Projects Worth Approximately US$418 Million

The Islamic Development Bank (IsDB) has approved funding totalling approximately US$418 million (RM1.9 billion) for four distinct development projects across its member countries. These initiatives, endorsed by the IsDB board, are designed to foster socio-economic advancement and enhance sustainability. The approvals were made during the bank's 355th meeting, held in Riyadh on the first day of the 2024 IsDB Group Annual Meetings.
Tajikistan Receives Funding for Hydropower Plant Construction

Tajikistan has been allocated US$150 million specifically for the construction of Lot-4 (Left Bank Structures) of the Rogun Hydropower Plant Project. This project is intended to supply clean, affordable, and reliable renewable electricity to meet the nation's growing domestic energy needs, thereby strengthening its energy security and enabling participation in the regional power market.
Benin and Côte d’Ivoire Benefit from Cassava Value Chain Development

Both Benin and Côte d’Ivoire have secured financing for their respective Root and Tuber/Regional Cassava Value Chains Development Projects. Benin received €60.57 million (RM308 million), while Côte d’Ivoire was granted €70.46 million. These projects aim to improve food security, stimulate economic growth, and increase household incomes by enhancing the production, processing, marketing, and private sector involvement within the cassava, sweet potato, and yam sectors.
Türkiye's Motorway Project to Alleviate Traffic and Emissions

Türkiye has been approved for €120 million to support the Nakkas-Basaksehir Motorway Project. This segment is part of a broader government initiative, the North Marmara Motorway, which seeks to establish an alternative route to the Bosphorus. The overarching goal is to significantly reduce traffic congestion, shorten travel times, and lower greenhouse gas emissions within the region.

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What are the four key development projects approved by the Islamic Development Bank?

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