News background
News
MCDF Accredits Islamic Development Bank to Be Its Finance Facility Implementing Partner
Samarkand, Uzbekistan, 24 September 2024

The Islamic Development Bank (IsDB) was accredited to be an Implementing Partner of the Multilateral Cooperation Center for Development Finance (MCDF) Finance Facility by the MCDF Governing Committee, in concurrence with the Asian Infrastructure Investment Bank, the MCDF Administrator.

IsDB will be the seventh Implementing Partner of the MCDF Finance Facility.

The other six MCDF Finance Facility Implementing Partners are the African Development Bank, Africa Finance Corporation, Asian Infrastructure Investment Bank, Development Bank of Latin America and the Caribbean, International Fund for Agricultural Development, and Caribbean Development Bank.

To date, the MCDF Finance Facility has provided 33 approved grants to support cross-border connectivity infrastructure projects, reaching a total amount of USD38.3 million, which is expected to mobilize USD7.2 billion in investment in Africa, Asia, and Latin America and the Caribbean.

Contact
David Hendrickson
Senior Communications Officer
Mobile: +86 185 0114 6758
david.hendrickson@themcdf.org