IsDB Allocates $368.98 Million For Key Projects In Türkiye, Suriname, Turkmenistan
The Islamic Development Bank (IsDB) has approved $368.98 million for new development projects in several member countries, including Türkiye, Turkmenistan, and Suriname.
These projects aim to boost sustainable development and socio-economic growth in the targeted nations by improving sectors such as transportation, health, education, and energy.
Following recent earthquakes, the IsDB has allocated $165 million for the construction of 33 schools in Türkiye. This initiative will add 808 classrooms, benefiting 24,640 students annually and enhancing disaster resilience for over 319,206 individuals.
In Suriname, a $47.68 million project will expand electricity transmission and distribution systems. The project aims to strengthen electricity supply capacity and efficiency by increasing overall capacity and enhancing system performance. It will meet growing national electricity demand, ensure a more reliable energy supply, and facilitate the connection of 4,350 new homes and 470 new commercial units.
Turkmenistan will receive $156.3 million from the IsDB to improve access to high-quality cancer treatment services. The project involves constructing three cancer treatment centers and training healthcare providers. It aims to increase daily inpatient services by 33% and improve cancer treatment for 11,750 patients annually, significantly reducing cancer incidence and mortality rates.
These strategic projects approved by the IsDB's Board of Executive Directors emphasize their transformative impacts on member countries' sustainable development and socio-economic growth.
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