The Islamic Development Bank signed two developments financing agreements worth $91 million (USD) with Tajikistan and Togo during the World Bank and International Monetary Fund (IMF) annual meetings in Lima, Peru, Oct. 13.
The first agreement, totaling $70 million (USD), was established between Tajikistan Minister of Finance
Abdusalom K. Kurboniyon and IDB Group President Dr. Ahmad Mohamed Ali. It will finance a power-grid network to connect Central and South Asian nations.
Using sustainable electricity, the project will benefit Kyrgyzstan, Tajikistan, Afghanistan and Pakistan and is aligned with the economical integration plan between Tajikistan and Kyrgyzstan, boosting foreign investments in both countries.
Worth $21 million (USD), the second agreement with the government of Togo will finance the building of the 60-kilometer Tchamba – Sadori road, which will connect Togo to Burkina Faso.
More Stories
- Nigeria's Economic and Financial Crimes Commission argues against bail for Binance executive
- Advancing Women’s Leadership in Peace and Security: ECOWAS Holds Inaugural Regional Steering Group Meeting
- ECOWAS Convenes West African Epidemiology Network on Drug Use (WENDU) Workshop to Validate Data and Address Regional Drug Abuse Challenges, Affirms Support for Sierra Leone
- African Development Fund Provides Credit Guarantee to Support Green Initiatives in Rwanda
- President Boakai Nominates Additional Officials To Government
- African Development Bank Renews Bank-Civil Society Committee for 2024-2026 Term
- Brazil Joins Lusophone Compact to Boost Private Sector in African Portuguese-Speaking Countries
- Research Project Update: 'Mapping the Information Landscapes of St Helena'
- St Helena Utilities Regulatory Authority Consults on New Tariff Proposals
- Cultural Development: ECOWAS Awards Prizes to Young Artists at MASA d’Abidjan