Jeddah:Chairman of the Islamic Development Bank (IsDB) Group, Dr. Muhammad Al Jasser, engaged in discussions with Dr. Sidi Ould Tah, President of the African Development Bank (AfDB) Group, at the IsDB Group headquarters in Jeddah. The meeting focused on co-financing and implementing development projects across the IsDB Group’s 27 African member countries.
According to Saudi Press Agency, the discussions included an evaluation of the 2024–2029 cooperation framework, which outlines $4 billion in co-financing for both sovereign and non-sovereign operations. So far, approvals have been granted for $2.65 billion, which is 66% of the target.
The leaders also explored ways to enhance cooperation between the IsDB's Concessional Fund (ICF) and the African Development Fund. This includes co-financing eligible projects and sharing expertise in concessional financing.
