IsDB Concessional Financing Fund Signals Support for Sudan’s Reconstruction Projects

Baku – Sudanhorizon

Sudan’s State Minister at the Ministry of Finance and Economic Planning, Mohamed Nour Abdel Daem, met with Mohammed Al-Saati, Director of the Islamic Development Bank Concessional Financing Fund, on the sidelines of the 51st Annual Meetings of the Islamic Development Bank Group, held in Baku.

The meeting explored opportunities for Sudan to benefit from the programs and financing mechanisms offered by the fund, which is one of the Islamic Development Bank Group’s key initiatives aimed at supporting least-developed member countries and nations affected by fragility and crises through concessional financing and development grants that comply with Islamic finance principles.

Fund officials outlined the institution’s objectives and programs, which focus on supporting high-impact development investments in areas such as human capital development, food security, infrastructure improvement, and strengthening resilience to economic challenges and climate change.

The discussions also addressed the criteria used by the fund to allocate resources among member states, including income levels, debt sustainability, and vulnerability to fragility and external shocks.

Minister Mohamed Nour Abdel Daem emphasized Sudan’s strong interest in benefiting from the financing mechanisms and programs provided by the fund, particularly in light of the exceptional circumstances facing the country as a result of the war and the extensive destruction inflicted on infrastructure, essential services, and productive sectors.

He noted that Sudan’s needs for reconstruction, economic recovery, and the rehabilitation of critical facilities continue to grow, making concessional financing an important tool for supporting national priorities during the coming phase.

The minister stressed the importance of directing the fund’s resources toward projects with direct developmental impact, particularly in the sectors of water, health, education, food security, youth empowerment, and capacity building. He said such investments would help improve living conditions, strengthen economic and social stability, and create the foundations necessary for sustainable development.

For his part, Mohammed Al-Saati expressed the fund’s readiness to continue coordinating with relevant Sudanese authorities and to explore opportunities to support development programs and projects that align with the fund’s objectives and Sudan’s national development priorities.

He noted that such cooperation could contribute to Sudan’s recovery efforts and enhance the country’s resilience in addressing current challenges.

The meeting forms part of Sudan’s broader efforts to strengthen cooperation with institutions affiliated with the Islamic Development Bank Group and to explore available financing mechanisms to support development and reconstruction projects in the period ahead.

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