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IDB approves $2.5bn for operational plan 2 JEDDAH


member countries.
Details of project financing and trade operations approved by the board include $153.6 million installment sale for a Railway Tracks Project in Turkey; $52.65 million Istisna'a financing for the reconstruction of irrigation and drainage network in Djizzakh and Syrdaria Regions in Uzbekistan; $37.3 million Istisna'a financing for the Arboutachatak-Bitkine Road Project in Chad, and $16.17 million Istisna'a sale for the Dangoumana Hydro-Agricultural Development Project in Burkina Faso.
Grants from the Waqf Fund include $125,000 for the construction of vocational training circle for Muslim Ladies Study Circle in Galle Town in Sri Lanka; $115,000 for the Construction of Students Hostel Building for Jamiatul Islah Islalmia, Bhutaha Town in Nepal, and $150,000 for the Construction of Girls Hostel building at Hazrat Munam Pak Talimee Public School, Hazaribagh District, Jharkhand state, India.

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