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).
U.S. President Donald Trump said he will stop defence contractors from paying dividends or buying back shares until weapons production speeds up, crit...
U.S. Secretary of State Marco Rubio said he will meet Danish leaders next week, signalling that Washington is not retreating from President Donald Tru...
Canada’s Prime Minister Mark Carney will travel to China later this month, marking the first visit by a Canadian leader since 2017....
Heavy rainfall has caused flooding in Krumovgrad, in Bulgaria’s southern Kardzhali province, pushing the Krumovitsa River close to overflowing and p...
Hungary’s foreign minister on Wednesday criticised European plans to establish military hubs in Ukraine, saying the move risks pushing Europe closer...
Germany’s foreign intelligence service secretly monitored the telephone communications of former U.S. President Barack Obama for several years, including calls made aboard Air Force One, according to an investigation by the German newspaper Die Zeit.
Diplomatic tensions between Tokyo and Beijing escalated as Japan slams China's export ban on dual-use goods. Markets have wobbled as fears grow over a potential rare earth embargo affecting global supply chains.
Open-source intelligence (OSINT) sources reported a significant movement of U.S. military aircraft towards the Middle East in recent hours. Dozens of U.S. Air Force aerial refuelling tankers and heavy transport aircraft were observed heading eastwards, presumably to staging points in the region.
Iran’s chief justice has warned protesters there will be “no leniency for those who help the enemy against the Islamic Republic”, as rights groups reported a rising death toll during what observers describe as the country’s biggest wave of unrest in three years.
Two people have been killed after a private helicopter crashed at a recreation centre in Russia’s Perm region, Russian authorities and local media have said.
The leader of Yemen’s southern separatists failed to travel to Riyadh for crisis talks on Wednesday, leaving his fate unclear and complicating efforts to contain a military escalation that has widened a rift between Saudi Arabia and the United Arab Emirates.
Azerbaijan is set to deliver a new consignment of oil products to Armenia on 8 January, with shipments departing from the Guzdak railway station and the Baku cargo terminal.
Azerbaijan and Syria have reached an agreement to establish a joint business council aimed at enhancing trade and economic cooperation between the two nations, according to the Syrian embassy in Azerbaijan.
The Azerbaijan National NGO Forum has sent an open letter to Russia’s ambassador to Azerbaijan, Mikhail Yevdokimov.
Russia has said bad weather was the cause of the AZAL plane crash in Kazakhstan in December 2024. A leaked document in the form of a letter, reportedly from Russia’s Investigative Committee was sent to Azerbaijan’s Prosecutor General, making the claim, prompting the criminal case to be closed.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment