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HomeNewsCotonou to hold 'Islamic Development Bank days'

Cotonou to hold ‘Islamic Development Bank days’

Cotonou will hold a two-day “Islamic Development Bank (IDB) days” from Tuesday to strengthen cooperation between the bank and Beninese public and private stakeholders, official sources told PANA on Monday in the Benin capital.

The event aims particularly at familiarizing the Beninese public and private stakeholders with the different policies and actions implemented by the IDB group in the country.

The West African state became a member of IDB in March 1984 and has since received US$310 million in assistance from the bank.

The assistance covers various areas such as education, health, agriculture, infrastructure and environment.

For this year, the bank’s projects include a the Tovegbamè bridge for which US$9 million has been approved and US$120 million for a basic education project. The bank will also give technical assistance and donations to flood victims in Benin.

The major goal of IDB, which was set up in 1975, is the promotion of human development, with emphasis on areas such as reduction of poverty, health improvement, education promotion, improvement of governance and prosperity of the people.

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