IsDB Provides US$ 1.86 Billion to 27 Member Countries to Contain COVID-19

The assistance also covers the economic sector, to address the repercussions of the disease which go beyond health: the threat to MSMEs and other income generating activities in MCs and abroad.

The assistance totals announced by the President, in meetings with MCs, has so far reached US$ 1.86 billion for 27 member countries. The technical teams from IsDB and about 15 member countries are still in continuous discussions to estimate their basic needs to finalise their financial packages as part of the first stage of IsDB Group support, which is composed of three stages (Respond, Restore, and Restart), and that will cover their needs in the short, medium and long terms.

Funding agencies: Islamic Development Bank

Countries:

Published: 2020-05-19

Sectors: Health