President of Islamic Development Bank (IsDB) Dr. Bandar Hajjar, and CEO of the Islamic Corporation for the Development of the Private Sector (ICD), Mr. Ayman Sejiny, have put their signatures to an Agency Agreement for the implementation of IsDB Group’s R2 COVID Support Package, which will assist IsDB Group Member Countries to restore their economies and recover from the negative impacts resulting from the ongoing COVID-19 pandemic.
The Arab Coordination Group (ACG) comprising of Arab Financial Development Institutions has approved/committed US$8.6 billion financing for developing countries to help them tackle the economic impact of the COVID-19 Pandemic.