The Board of Executive Directors of the Islamic Development Bank (IDB), approved US$ (616.2) million for new projects and technical assistance in Member Countries and Muslim communities in non Member Countries.
The Board which concluded session under the chairmanship of H.E. Dr. Ahmad Mohamed Ali IDB, President expressed profound thanks, deep appreciation and sincere gratitude to the Custodian of the Two Holy Mosques, King Abdullah bin Abdulaziz for his kind patronage and inauguration of the 33rd Annual Meeting of the IDB Board of Governors, his generous care bestowed on the meeting, his reception for Their Excellencies the IDB Governors, the Honorable Members of the IDB Board of Executive Directors and the Members of the Management of IDB Group.
The meeting approved during the session US$ 3 million for IDB Group Reform, delegating the Management to undertake necessary measures for the implementation of the Project.
A Progress report on the implementation of IDB Vision (2020) was also reviewed in the Board meeting.
The development projects approved by the Board involved financing development projects in Tunisia, Uzbekistan, and Malaysia, in addition to two projects from the Islamic Solidarity Fund in favour of Bangladesh and Yemen. It also approved Grants from the Waqf Fund in favour of six Muslim Communities in Mauritius, Bosnia Herzegovina, India, USA, Congo and Sweden.
The Board was informed of Technical Assistance Projects approved by the President, IDB during the last and current sessions of the Board in favour of Saudi Arabia, Qatar and Azerbaijan, in addition to the International Islamic News Agency (IINA).

Details of the Board approvals and items for information reviewed by the Board are as follows:

DEVELOPMENT PROJECTS
 US$ 195.6 million Instalment Sale for the Extension of Feriana and Thyna Power Plant – Instalment Sale – Tunisia.

 US$ 42.00 million Instalment Sale for the 500 KV Guzar-Surkhan Transmission Line & Sub-Stations Project – Uzbekistan.

 US$ 92 million for the Kuala Lumpur to Kuala Selangur Toll Expressway Project – Malaysia.

 US$ 19.9 million loan financing for The Rural Access Program-Republic of Yemen.

 US$ 11.2 million loan financing for The Greater Rajshahi Division Integrated Rural Development Project – Bangladesh.

GRANTS AND SPECIAL ASSISTANCE PROJECTS FROM WAQF FUND

 US$ 230,000 for the Completion of the Islamic Cultural College – Form VI, Port-Louis, Mauritius.
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 US$ 310,000 for the Expansion of Al-Salaam School in Orebro, Sweden (US$ 310,000).

 US$ 320,000 for the Establishment of a Health Center in Goma, Democratic Republic of Congo.

 US$ 340,000 for the Expansion of Annoor Islamic School in Wichita, Kansas, United States of America.

 US$ 350,000 for the Construction and Furnishing of Schools and Cultural Centers in Srebrenica and Surrounding Areas for the Bosnian Refugees Returning in their Homes, Bosnia & Herzegovina.

 US$ 175,000 for the Construction of Al-Barkaat Public School (Girl's Section), Mangoorgarhi Town, Aligarh District, Uttar Pradesh State, India (US$ 175,000).

APPROVALS BY THE PRESIDENT
The following are approvals made by the President of the Bank between the previous and present sessions of the Board:
 US$ 100 million for Ma'aden Phosphoric Fertilizer Complex – Leasing – Kingdom of Saudi Arabia.
 US$ 150 million for Ras Laffan C IWPP Project – Leasing – Qatar.
 US$ 200,000 T.A. (Grant) for conducting a Study for the Reorganization and Restructuring of the International Islamic News Agency (IINA).
 US$ 250,000 T.A. (Grant) for the Family Village Portal Project of Prince Salman Centre for Disability Research (PSCDR)- Kingdom of Saudi Arabia.
 US$ 322,000 T.A. (Grant) for Capacity Building of the Cabinet of Ministers, Azerbaijan.