Thursday November 14, 2024

Gambia Will Receive a Significant $10M Grant From the Islamic Development Bank

The Gambia will receive a D10 million grant from the Islamic Development Bank and WHO to address climate and healthcare challenges, as part of a broader initiative launched at the 2024 UN Climate Change Conference.

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Gambia Will Receive a Significant M Grant From the Islamic Development Bank

By Omar Bah

The Gambia is set to receive a D10 million grant from the Islamic Development Bank (IsDB) in partnership with the World Health Organization (WHO) to tackle the climate crisis and healthcare challenges faced by low- and middle-income countries.

The financing agreement was formalized during the 2024 UN Climate Change Conference held in Baku, Azerbaijan. WHO’s Health Impact Investment Platform, launched by WHO, aims to develop innovative solutions addressing healthcare and climate-related issues. The Gambia is among 14 participating nations.

IsDB’s funding is expected to unlock $500 million in health investments and generate $1.5 billion in concessional loans. IsDB President Muhammad Al Jasser highlighted the significance of this collaboration in strengthening primary healthcare and building resilience against future crises.

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