Doha (Ina) - signed on Wednesday (April 13, 2016) Qatar Fund for Development, the Convention on thegrant to contribute 50 million US dollars in the capital of "Living and Living Fund" established by theIslamic Development Bank in coordination with the Islamic Solidarity Fund for Development ) Bank arm to reduce poverty) and the Foundation Bill and Melinda Gates Foundation , to provide soft loans worth US $ 2.5 billion for the benefit of 30 countries classified as one of the least developed among theMember States of the Islamic development Bank.
the agreement was signed Khalifa bin Jassim Al - Kuwari, Director General of the Fund of Qatar development, Dr. Ahmed Mohammed Ali, President of the Bank Group Islamic development, and Bill Gates, co - chair of the Bill & Melinda Gates Foundation .
he said Al - Kuwari said : "We are proud to contribute to this innovative project and the pilot will support the millions of people out of poverty in the countries that are in dire need of help, and will provide live and living fund soft loans, which will increase the developmental impact of the donation dramatically. We aim to launch several projects in the health sector to improve the lives of millions of people throughout the Muslim world. "
turn commented Dr. Ahmad Mohamed Ali, President of the Islamic development Bank Group, said:" living and living Fund is an innovative financing development, and provides a large volume required to support the poorest within the Member States of the Islamic development Bank funding. And Qatar 'scontribution comes at the right time to strengthen certainly our joint efforts to counter the scourge ofpoverty and to support those in need. Therefore , we commend the contribution of Qatar Development Fund, and we invite other donors to join us in this effort noble to fight poverty and restore the dignity ofpeoples. "
Said Bill Gates , co - chair of the Bill & Melinda Gates Foundation :" The Qatar fund for the development of an important developmental work in the Middle East. And demonstrate its contribution to the life and living pioneering role of the State of Qatar in improving the situation of poor people in the region Fund, by investing in the health, agriculture and infrastructure sector.
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