JAKARTA (TheInsiderStories) – The Islamic Development Bank (IDB) announced to providing loan facilities US$12.2 billion including to Indonesia and other countries, the president Bandar Hajjar disclosed on Monday at the sideline 42th IDB Annual Meeting in Jeddah, Saudi Gazette reported.
Based on IDB data, Turkey tops the list of countries receiving loans $1.7 billion followed by Indonesia $995.3 million, Pakistan $950.5 million, Egypt $942.2 and Turkmenistan $700 million for projects finance.
Region-wise, all the four regions in which the 75 member countries of the IDB are grouped, received a fairly equal distribution of approvals, with Sub-Saharan Africa and Europe and Central Asia regions each getting $3.1 billion. The Middle East and North Africa region received $3.05 billion, and Asia and Latin America region gained the remaining $2.8 billion. The total amount approved for all 255 operations in these different regions reached $12.2 billion.
Beside those countries, IDB is also committed to providing aid to countries affected by the instability in the region such as Yemen and also countries that have refugees such as Lebanon, Jordan, Somalia and also special assistant to Muslim communities in Myanmar through cooperation with neighboring countries. The president noted that they opt to expand the partnerships to close the gap that is needed for the development in member countries.
