IDB to fund telecommunication project in Turkmenistan
Baku, Azerbaijan, June 4
By Elena Kosolapova – Trend:
The members of the Board of Executive Directors of the Jeddah-based Islamic Development Bank (IDB) have approved funding in the amount of $273 million for the Telecommunication Network Enhancement Project in Turkmenistan, the bank said in a message.
The bank did not reveal any details of the project.
Moreover, the bank approved funding of a number of other development projects in the IDB member countries, such as Turkey, Lebanon, Oman, Bangladesh, Egypt, Jordan and etc.
In total, the Board of Executive Directors approved $1.096 billion worth of funding for development projects in various sectors, such as power generation, water supply and sanitation, industry, housing, communications, agriculture, and health.
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