IsDB and ICD Sign Agency Agreement to Implement R2 COVID Support Line of Finance

President of Islamic Development Bank (IsDB) Dr. Bandar Hajjar, and CEO of the Islamic Corporation for the Development of the Private Sector (ICD), Mr. Ayman Sejiny, have put their signatures to an Agency Agreement for the implementation of IsDB Group’s R2 COVID Support Package, which will assist IsDB Group Member Countries to restore their economies and recover from the negative impacts resulting from the ongoing COVID-19 pandemic.

The Agency Agreement is a manifestation of IsDB President’s vision to improve intra-group collaboration and create room for cooperation with other multilateral development banks (MDBs) and international finance institutions (IFIs). It is also in line with ICD’s new strategic direction which gives utmost importance to synergy and partnership with other IsDB Group Entities and other MDBs.

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