Doha / Riyadh: Representatives from Saudi Arabia, Qatar, the UAE, Bill & Melinda Gates Foundation, the Islamic Solidarity Fund for Development and the Islamic Development Bank approved several development projects for 2017 under the $2.5bn Lives and Livelihoods Fund (LLF).
The fund is the largest multilateral development initiative in the Middle East and North Africa for poverty alleviation in member countries of the Organization for Islamic Cooperation (OIC).
The Impact Committee of the LLF, in its recent meeting approved $242.6m in financing for health, agriculture, and rural infrastructure development projects in eight member countries of the IsDB. The projects are scheduled to be implemented in Tajikistan, Sudan, Djibouti, Niger, Mauritania, Cameroon, Uganda, and Guinea.
Khalifa bin Jassim Al-Kuwari, Director General of Qatar Fund for Development (QFFD) said: “The Lives and Livelihoods Fund is the first multilateral partnership of its kind in this region, and demonstrates the benefit of partnering with other donor organisations and regional governments."
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