The Islamic Development Bank (IsDB) and King Salman Humanitarian Aid and Relief Centre (KSrelief) signed a Donor Contribution Agreement worth US$ 100 million to advance sustainable development in middle- and low-income member countries
The five-year agreement was signed by IsDB President, Dr. Muhammad Al Jasser and KSrelief Supervisor General, Dr. Abdullah Al Rabeeah in Riyadh On the margins of the 4th Riyadh International Humanitarian Forum.
The funds have been allocated for the second phase of the Lives and Livelihoods Fund (LLF 2.0).
"LLF 2.0 will strengthen the member countries’ capacity for high-impact and future-ready development, aligned with their needs and SDG-driven priorities. Forms of collaboration will include direct financial and technical assistance for effective project implementation to achieve meaningful results at scale," - IsDB's press-release said.
The donor investments provide concessional financing to countries for scaling up primary health care systems, improving livelihoods and productivity of smallholder farmers, and building the blocks of social infrastructure. LLF’s multisector initiatives are also designed to address cross-cutting issues such as climate adaptation, and women and youth empowerment development.
The Lives and Livelihoods Fund is a US$ 2.5 billion development initiative launched in 2016 and funded by an unprecedented global coalition of the Abu Dhabi Fund for Development (ADFD), Gates Foundation, the Islamic Development Bank, the Islamic Solidarity Fund for Development (ISFD), King Salman Humanitarian Aid and Relief Centre, and the Qatar Fund for Development (QFFD).
Iranian President Masoud Pezeshkian arrived in New Delhi on Friday to attend the weekend BRICS summit, amid the ongoing U.S.-Iran conflict, joining...
A Russian strike on a gas station in Kyiv has killed two people, the city's Mayor Vitali Klitschk...
Turkic states are considering the creation of a new law enforcement agency, TURKPOL, as members of the Organization of Turkic States (OTS) step up ...
Four people were killed, including a child, in Ukrainian strikes on the Russian port city of Novorossiysk overnight, according to the governor of the Krasnodar region. Ukraine's drone forces commander, Robert Brovdi, said Russian military ships were destroyed in the attacks.
Overnight Iranian strikes on an air base in Jordan damaged multiple U.S. aircraft and left one without a wing, American media reported. Meanwhile, explosions were heard across parts of southern Iran according to local media reports.
Iran’s Revolutionary Guards (IRGC) said on Wednesday they attacked two U.S. vessels and eight oil tankers in the Persian Gulf, calling the strikes a response to a U.S. attack on five Iranian tankers.
Ukrainian forces struck a Russian oil refinery in Siberia and a seaport in Dagestan in the past 24 hours, President Volodymyr Zelenskyy said. He will meet Canadian Prime Minister Mark Carney on Thursday to discuss air defences for Ukraine over winter.
Iranian President Masoud Pezeshkian arrived in New Delhi on Friday to attend the weekend BRICS summit, amid the ongoing U.S.-Iran conflict, joining a host of foreign dignitaries.
Turkic states are considering the creation of a new law enforcement agency, TURKPOL, as members of the Organization of Turkic States (OTS) step up security cooperation.
Iranian President Masoud Pezeshkian arrived in New Delhi on Friday to attend the weekend BRICS summit, amid the ongoing U.S.-Iran conflict, joining a host of foreign dignitaries.
Overnight Iranian strikes on an air base in Jordan damaged multiple U.S. aircraft and left one without a wing, American media reported. Meanwhile, explosions were heard across parts of southern Iran according to local media reports.
Iran has rejected as “irrelevant” a UN nuclear watchdog resolution referring its nuclear file to the UN Security Council, arguing that U.S. and Israeli strikes on sites under verification were the main reason inspections were halted.
Georgia’s busiest sea gateway has reached its capacity limit, adding urgency to plans for a major expansion of Poti port as the country seeks to strengthen its role in the Middle Corridor trade route between Asia and Europe.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment