The Board of Executive Directors of the AAA-rated Jeddah-headquartered Islamic Development Bank (IsDB) today approved US$ 363.6 million to finance new development projects in eleven member countries. At its 348th meeting held on 10 December,the Board also approved the Bank's Integrated Work Program 2023-2025 and Budget 2023 and the markup rate applicable from 1 January 2023 to 30 June 2023 for OCR Sovereign Projects' Financing. Chaired by IsDB President,H.E. Dr. Muhammad Al Jasser,the Board reviewed many important reports,including the 14th Report on the COVID-19 Strategic Preparedness and Response Program,the inaugural progress report on the Food Security Response Program,and the Progress Report on the Establishment and Operationalization of the Afghanistan Humanitarian Trust Fund.
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