The four-day Golden Jubilee session of the Islamic Development Bank (IDB) has come to an end in the Saudi Arabian capital of Riyadh.
During the meeting, the Islamic Corporation for Development (ICD) signed 11 agreements for the improvement of the private sector in developing countries, while 53 agreements worth $6,486 billion were also inked.
During the significant conference of the IDB, the Islamic Corporation for Development signed 11 agreements as part of historic initiatives for developing countries. The purpose of the agreements was to promote economic growth in developing countries, empower people, and facilitate the development of the private sector.
The ICD signed a 15-million-euro line of financing agreement to economically strengthen the African country Ivory Coast. Two contracts worth 10 million euros were signed to boost the banking sector and business activities in Cameroon.
Moreover, five agreements were signed with banks for the development of the private sector in Uzbekistan. The ICD also signed three MoUs with investment company "OJSC" for the sustainable development of Azerbaijan.
Delegations from 83 countries participated in the four-day conference of the Islamic Development Bank. The next year's session will be held in the African country of Gambia.
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