JEDDAH: The Islamic Development Bank (IsDB) has approved a financing agreement amounting $156.3 million to assist the construction of three state-of-the-art cancer treatment facilities in Turkmenistan, the Saudi Press Agency (SPA) reported on Friday.
The facilities in Balkanabat, Turkmenabat, and Mary Region will offer advanced oncology services to 11,750 patients. The agreement was signed by IsDB Group Chairman Dr. Mohammed Al Jasser and Chairman of the State Bank of Foreign Economic Affairs of Turkmenistan Rahimberdy Jepbarov, on the sidelines of the 2024 Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG).
The IsDB has been a major contributor to development in Turkmenistan, financing projects in various sectors, including healthcare, energy, information and communications technology, transportation, and trade.
The bank has also supported key projects that boost regional connectivity and enhance Turkmenistan’s export potential, such as railway, gas pipeline, and communications network enhancement projects.
