$297 Million from IsDB to Fund Growth in Côte d’Ivoire, Mauritania, and The Gambia

The Islamic Development Bank (IsDB) has approved the disbursement of approximately $297 million to support inclusive growth, job creation, and improved access to essential services in Côte d’Ivoire, The Gambia, and Mauritania.

The funding package was granted on Monday, July 7, 2025, during the IsDB’s 361st Board of Directors meeting. It targets key sectors such as health, education, and transportation, with the aim of addressing urgent development challenges — from improving urban mobility to strengthening public health systems and human capital development.

Details of the Allocation :

·        Côte d’Ivoire will receive €200 million (about $234 million) for the “Sustainable and Integrated Urban Mobility Project in Abidjan.” The initiative seeks to reduce traffic congestion and promote an eco-friendly transportation system to improve daily life for the population.

·        The Gambia will benefit from $32.2 million to establish the School of Medicine and Allied Health Sciences (SMAHS) at the University of The Gambia. The project aims to tackle the country's shortage of healthcare professionals.

·        Mauritania will receive €26.18 million (approximately $30.72 million) for the expansion of the National Cardiology Center in Nouakchott, which will strengthen the country’s ability to prevent and treat cardiovascular diseases.

This funding comes a few months after the IsDB approved $665.75 million for seven African member countries to support their development efforts. It is aligned with the pursuit of the United Nations Sustainable Development Goals (SDGs), by supporting projects with strong economic and social impact.

Background:
Since its establishment in 1975 through to the end of June 2022, the IsDB has provided around $65 billion in financing to African countries, including about $20 billion specifically dedicated to trade finance.