President Silanyo Receives Delegation of Islamic Development Bank
Hargeisa, 14 Nov 2013 (SDN) -Somaliland president Ahmed Mohamed Mohamoud “Silanyo” on Thursday received a delegation from the Islamic Development Bank (IDB) at the presidential palace in Hargeisa.
President Silanyo said at the meeting: “On behalf of the people of Somaliland I extended my gratitude to the Islamic development bank for the continued support in funding much needed development projects in the country.
The visiting Islamic Development Bank (IDB) delegation has been in the past four days visiting the various projects that the bank supports. The Islamic Development Bank is currently funding ongoing rehabilitation projects in the Hargeisa Group Hospital, and also Hargeisa and Gabiley orphanages.
Presidential spokesman Ahmed Saleban Dhuxul said that the President Silanyo and the visiting IDB delegation agreed to enhance future cooperation between Somaliland and the Islamic development bank.
In line with its continued support to the people of Somaliland, the Islamic Development Bank is currently continuing follow-up of its various projects in the country worth around US$ 450,000. They mainly comprise supplying orphanages, hospitals and schools in Hargeisa, and other parts of the country with medicine, medical equipment, and other much needed items. It is also following up on the progress of the delivery of supplies and equipment to women empowerment centers in different Somaliland cities.
President Silanyo was during the meeting flanked by Vice President Hon Abdurrahman Abdullah Ismael (Saylici), Minister Foreign Hon Mohamed Bihi Yonis and Finance Minister Hon Abdi Aziz Muhammad Samaale to name a few.
Islamic Development Bank
Established on October 20, 1975, The Islamic Development Bank (IDB) is an international financial institution whose purpose is to foster the economic development and social progress of the 56 member countries and Muslim communities individually.
The functions of the Bank are to participate in equity capital and grant loans for productive projects and enterprises besides providing financial assistance to the member countries in other forms for economic and social development. The Bank is also required to establish and operate special funds for specific purposes including a fund for assistance to Muslim communities in non-member countries, in addition to setting up trust funds.
SDN Hargeisa