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The start of the regular meeting of the 76 institutions of the Coordination Group of the Islamic Development Bank
10/27/15
The regular meeting of the 76 work of the institutions of the Islamic Bank for Development Coordination Group began yesterday in the city of Jeddah, which will last three days.
Said Dr. Ahmad Mohamed Ali, President of the Islamic Development Bank Group in a speech during the opening ceremony that the meeting is a clear translation of the strength of the relationship between the Community institutions and their efforts in the hard work and continuous work for the construction and development.
He added that since 1971, contributed to coordinate an effective role in providing the economic and development efforts in various parts of the world group.
He pointed to the total financing approved by the coordination and branches set up the first half of 2015 amounted to 235 billion US dollars, approximately 60% of them to support public and private sector investment to create the energy infrastructure, transport, communications and social services.
Turning to the most prominent joint projects funded by the Group, including, for example finance dam Manintalla Senegal River, which serves both from Senegal, Mali, Mauritania and Guinea basin, the road across the desert that connects Algeria Lagos length of 9000 km, and takes advantage of the way of Algeria, Tunisia and Chad, Nigeria and Mali.
For his part, he praised Fouad Al Bassam, Deputy Director General of the OPEC Fund for International Development for Operations, the role of the Islamic Development Bank and its efforts in the areas of development and sincere cooperation with the group in order to achieve its objectives.
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