Jeddah, April 14 -- The Islamic Development Bank (IsDB) is announcing that it has invested US $50 million in private Sukuk issuance by the International Finance Facility for Immunization (IFFIm). This is the second participation of IsDB in a sukuk issuance by IFFIm after a similar effort in 2015.
In December 2018, following the announcement made during Gavi (The Global Vaccine Alliance) at their mid-term review held in Abu Dhabi, the IsDB made a successful completion of its participation in a private placement Sukuk issuance by IFFIm to accelerate funding for immunization efforts in 33 Organization of Islamic Cooperation (OIC) member states.
"Gavi's record of delivery in saving lives through immunization is a perfect fit with the IsDB's p...