Jeddah, 25.10.2010: The Islamic Development Bank has signed four agreements with the Republic of Gambia to finance new development projects totaling US$46 Million. The three projects include the approval of US Dollars 16 Million for developing the University of Gambia, a US$17 Million for infrastructure facilities, in addition to two trade operation of US$13 Million.
The two financing project agreements were signed by Dr. Ahmad Mohamed Ali, the IDB President and HE Mr. Abdu Cooley, the IDB Governor for the Republic of Gambia who also signed the two trade financing agreements with Dr. Walid Al-Wehaib, CEO of the Islamic International Islamic Trade Corporation.
It is worth mentioning that the total financing of IDB Group in Gambia reached around US$ 310 Million that included financing of projects in the area of agricultural, micro financing, infrastructure, education, and health as well as trade financing operations.