The Islamic Development Bank (IsDB) has approved $384.28 million to support key development initiatives across member countries.
The approved projects reflect the Bank’s continued commitment to addressing urgent development needs while strengthening long-term resilience and sustainable growth.
The Board approved $75 million for the Response, Recovery, and Resilience (3R) Facility, which is designed to support 32 fragile and conflict-affected member countries that are impacted by natural disasters. This funding comprises $30 million from the IsDB OCR grant and $45 million from the IsDB Concessional Fund (ICF), both of which are distributed over a five-year period, supplemented by contributions from other partners.
The Facility aims to provide rapid emergency financing, support recovery interventions, and strengthen preparedness and early warning systems, helping countries respond more effectively to crises while building resilience over time.
In Mauritania, the Board approved $59.28 million for a rural electrification project to expand equitable and sustainable access to affordable electricity across multiple regions, including Adrar, Assaba, Inchiri, Brakna, Hodh El Chargui, Hodh El Gharbi, and Tagant.
This funding consists of $25.35 million from the IsDB and $33.93 million from the IsDB Concessional Fund (ICF).
Beyond infrastructure, the project prioritizes economic empowerment through the installation of 10 multifunctional energy platforms managed by local women’s cooperatives, specifically designed to support micro-enterprises and enhance the livelihoods of women-headed households and vulnerable communities. The project, together with the 3R Facility, marks the first deployment of ICF resources following the Fund’s operationalization and launch last February 2026, providing a substantial allocation dedicated to addressing fragility.
In Türkiye, the Board approved $250 million for the Sustainable Organized Industrial Zones Project, a transformative initiative that will strengthen the sustainability, efficiency, and competitiveness of the country’s industrial sector.
The project will support the development of resource-efficient infrastructure, improved waste management systems, and environmentally responsible industrial practices, contributing to reduced emissions, lower resource consumption, and job creation.
