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).
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U.S. President Donald Trump has indicated that he is prepared to take a more flexible stance on new tariffs for automobiles and other goods than initially expected.
A group of top Trump administration officials reportedly shared sensitive military plans over the encrypted messaging app Signal just hours before the United States launched strikes on Houthi targets in Yemen, sparking a political storm in Washington.
Bank of America (BofA) said the recent volatility in Turkish markets has so far had only a limited inflationary impact, stressing that Türkiye’s economic management remains in control.
A severe cyberattack disabled Ukraine’s online railway ticketing system on Monday, causing extensive queues and disruptions, with Kyiv officials attributing the incident to a possible Russian attempt to destabilise the nation.
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Uzbekistan and the European Union have successfully completed negotiations on the services aspect of Uzbekistan's long-awaited accession to the World Trade Organization (WTO).
Egypt has presented a new proposal aimed at restoring the ceasefire agreement in Gaza, following an escalation in violence after Israel resumed air and ground operations against Hamas last Tuesday. The proposal was revealed by security sources to Reuters on Monday.
Jordan strongly condemned Israel's approval of a new agency aimed at facilitating the displacement of Palestinians under the pretense of "voluntary departure" from the Gaza Strip, calling the move an act of "forcible displacement crimes."
The European Union views the Palestinian Authority as "best placed to govern Gaza," according to EU foreign policy chief Kaja Kallas, following her meeting with Palestinian Prime Minister Mohammad Mustafa in Ramallah.
U.S. President Donald Trump has indicated that he is prepared to take a more flexible stance on new tariffs for automobiles and other goods than initially expected.
A group of top Trump administration officials reportedly shared sensitive military plans over the encrypted messaging app Signal just hours before the United States launched strikes on Houthi targets in Yemen, sparking a political storm in Washington.
Bank of America (BofA) said the recent volatility in Turkish markets has so far had only a limited inflationary impact, stressing that Türkiye’s economic management remains in control.
A severe cyberattack disabled Ukraine’s online railway ticketing system on Monday, causing extensive queues and disruptions, with Kyiv officials attributing the incident to a possible Russian attempt to destabilise the nation.
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