IDB Approves $243 Million to Combat Poverty

The Lives and Livelihoods Fund (LLF) board of the Islamic Development Bank (IDB) has approved $242.6 million to finance several development projects to fight poverty in eight member countries. 
The projects are in the areas of health, agriculture and rural infrastructure in Tajikistan, Sudan, Djibouti, Niger, Mauritania, Cameroon, Uganda and Guinea. 
The board meeting was held to identify projects with the greatest impact in the fight against poverty and disease in Muslim countries, and thus contribute to better living standards for beneficiary communities, Saudi daily (Arab News) reported Monday. 
IDB President Dr. Bandar Hajjar said the LLF continues to advance its mission to help the poorest communities in the Muslim world lead healthier and more productive lives by investing in health, agriculture and rural infrastructure. 
"By combining grants from donor institutions and IDB loans, we are seeking to provide more financial assistance to fight disease and poverty across the Muslim world compared to what grants can achieve alone," he said. 
The meeting was held for the second time since its establishment in Riyadh. It was attended by representatives from Saudi Arabia, Qatar, the UAE, the Bill & Melinda Gates Foundation and the Islamic Solidarity Fund for Development. 
In March 2017, the LLF launched the first project to support the efforts of the Senegalese government to fight and eradicate malaria.

Source: QNA