The Islamic Development Bank (IsDB) is likely to support Bangladesh financially around $4 billion to $5 billion in various sectors for the next three years under its Member Country Partnership Strategy (MCPS) for the 2024-26.

Head of IsDB Regional Hub Muhammad Nassis Sulaiman disclosed the matter to reporters while replying to their queries after holding meeting with Adviser of Ministries of Finance and Commerce Dr Salehuddin Ahmed at his office at Bangladesh Secretariat today (Sep 17).

“As part of the Member Country Partnership Strategy (MCPS), the part of the plan is really for the next three years with a support of around $4 to $5 billion,” he said.

When asked whether there was any discussion about increasing the limit for lending to Bangladesh by the International Islamic Trade Finance Corporation (ITFC), a trade financing arm of the IsDB Group, for purchasing fuel oil, Sulaiman said of course, it was a part of the overall discussions with the government.

Mentioning that the IsDB would continue to support the socio-economic development of Bangladesh, Sulaiman said “Considering the IsDB’s strategies and the government’s priorities, we hopefully will be able to support in terms of resources and collaboration with other development partners as well.”

Finance Adviser Dr Salehuddin Ahmed said since IsDB is a multilateral development partner of Bangladesh, they are providing various kinds of assistance to the country in the health sector, building cyclone shelters etc.

He said the government has requested them to support rebuilding the damaged rural roads affected due to the recent devastating flood in the country.

BDST: 2010 HRS, SEP 17, 2024
MSK/SMS