The President of the Islamic Development Bank (IDB) Group, H.E. Dr. Ahmad Mohamed Ali, announced that the Bank approved a grant amounting to US$5 million, from the resources of the “Waqf Fund”, an affiliate of the Bank in favor of the earthquake victims in Haiti. The grant represents the Bank’s contribution to the international efforts aiming at reconstructing schools & educational facilities hit by the devastating earthquake in Haiti last January.

IDB Group’s President had previously addressed a letter to H.E. the UN Secretary General, Mr. Ban Ki-moon, reiterating the will and readiness of the Group to participate in the reconstruction efforts in the devastated areas in Haiti. The action came in response to the urgent call made by the UN Secretary General to international organizations / institutions worldwide, including the IDB Group, to contribute to the international efforts aiming at reconstructing Haiti.