New co-funding opportunities between the European Investment Bank and the Islamic Development Bank

February 1, 2019
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An Islamic Development Bank (IsDB) delegation, led by the Bank’s President, H.E. Dr. Bandar Hajjar, is visiting the European Investment Bank’s headquarters in Luxembourg to explore opportunities for co-financing new projects in Africa and Southern Mediterranean Countries.

“IsDB and EIB, together with other Multilateral Development Banks, are key players in catalysing private investment in support of public policy goals. We need to strengthen our common efforts to support economic resilience and deliver on our commitment to the Sustainable Development Goals,” commented EIB President Werner Hoyer

EIB and IsDB have been working together to provide needed finance and advisory services for sustainable development. Since 2005, the EIB and the IsDB have co-financed 9 projects with a total investment of EUR 1 billion in Lebanon, Morocco, Tunisia and Sub-Sahara Africa.


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Press release

Countries covered:

  • Algeria
  • Egypt
  • Israel
  • Jordan
  • Lebanon
  • Libya
  • Morocco
  • Palestine *
  • Syria *
  • Tunisia