The Islamic Development Bank (IsDB) has approved $384.28 million in new financing for development projects across member countries, as outlined in an IsDB news release. The funding, cleared at the bank’s 365th Board meeting chaired by President Muhammad Al Jasser, targets disaster resilience, rural energy access in Mauritania, and sustainable industrial zones in Türkiye. The approvals reflect the bank’s focus on addressing urgent needs while building long-term resilience.
A $75 million Response, Recovery and Resilience (3R) Facility will support 32 fragile and conflict-affected member countries hit by natural disasters, combining $30 million in IsDB grants with $45 million from the IsDB Concessional Fund (ICF) over five years. The facility covers emergency financing, recovery support, and early warning systems. Alongside the Mauritania project, this marks the first deployment of ICF resources since the fund launched in February 2026.
In Mauritania, $59.28 million will extend affordable electricity to seven underserved regions including Adrar, Assaba, and Hodh El Chargui. Beyond infrastructure, the project installs 10 multifunctional energy platforms managed by local women’s cooperatives to support micro-enterprises and improve livelihoods for women-headed households. In Türkiye, $250 million will strengthen the sustainability and competitiveness of organized industrial zones through resource-efficient infrastructure, better waste management, and greener industrial practices that cut emissions and create jobs.
