BAKU, Azerbaijan, April 6. The Board of
Executive Directors of the Islamic Development Bank (IsDB), chaired
by President Dr. Muhammad Al Jasser, has approved $384.28 million
in new financing to advance key development initiatives across
member countries, Trend reports via the Bank.


The newly approved funding underscores the Bank’s continued
focus on addressing urgent development challenges while promoting
long-term resilience and sustainable economic growth.


A total of $75 million has been allocated to the Response,
Recovery, and Resilience (3R) Facility, which targets 32 fragile
and conflict-affected member states impacted by natural disasters.
The financing package includes $30 million from IsDB’s Ordinary
Capital Resources (OCR) and $45 million from the IsDB Concessional
Fund (ICF), to be disbursed over five years with additional support
from development partners. The facility aims to provide rapid
emergency financing, support recovery efforts, and strengthen
preparedness and early warning systems.


In Mauritania, the Board approved $59.28 million for a rural
electrification project aimed at expanding access to affordable and
sustainable electricity across several regions, including Adrar,
Assaba, Inchiri, Brakna, Hodh El Chargui, Hodh El Gharbi, and
Tagant. The financing comprises $25.35 million from IsDB and $33.93
million from the ICF. In addition to infrastructure development,
the project includes the installation of 10 multifunctional energy
platforms managed by local women’s cooperatives, designed to
support micro-enterprises and improve livelihoods in vulnerable
communities.







Both the Mauritania project and the 3R Facility mark the first
deployment of resources under the IsDB Concessional Fund since its
operational launch in February 2026, with a strong focus on
addressing fragility.


In Türkiye, the Board approved $250 million for the Sustainable
Organised Industrial Zones Project, aimed at enhancing the
efficiency, sustainability, and competitiveness of the country’s
industrial sector. The initiative will support the development of
resource-efficient infrastructure, improved waste management
systems, and environmentally responsible industrial practices,
contributing to lower emissions, reduced resource consumption, and
job creation.