The Islamic Development Bank (IDB) will convene its 44th annual meeting in Marrakech April 3-6 to discuss challenges and explore opportunities facing IsDB Group member countries. He said that a convention relating to the new IsDB financing program will be signed in Marrakech on the occasion of the 44th Annual Meeting of the Saudi banking institution. They discussed the opportunities and challenges to create the best environment for PPP projects, particularly in the African continent, as the traditional model of government-financing is no longer sustainable. Since its inception, the Islamic Development Bank has supported PPP projects in its 57 Member Countries with an amount of $3.93 billion where co-financing was in excess of $45 billion, in the areas of utilities, financial services, minerals, energy and healthcare. Morocco is one of the Bank’s key beneficiaries of PPP projects and has received $6.7 billion in financing since the creation of the bank in 1975.

Source: The North Africa Journal March 01, 2019 14:48 UTC