Devdiscourse

Global Refugee Forum: Multilateral Development Banks vow to support forcibly displaced people

The Multilateral Development Banks are set to support for refugees and people affected by forced displacement. The African Development Bank, the European Investment Bank, the Asian Development Bank, the European Bank for Reconstruction and Development, the Inter-American Development Bank, the Islamic Development Bank and the World Bank Group have made the pledges. Over 70 million people are forcibly displaced globally, with African countries hosting about 8 million refugees and 16 million Internally Displaced Persons (IDPs). To help resolve the situation, the African Development Fund donors committed USD 7.6 billion to help and stimulate inclusive growth in 37 African countries. The African Development Fund is the concessional window of the African Development Bank Group.

#Saudi Arabia's #Sukuk selling crosses SAR 3.95 bn

Saudi Arabia's finance ministry sold 3.95 billion riyals (USD1.05 billion) of domestic Sukuk in its monthly sale by re-opening an issue originally made last month. It sold 3.35 billion riyals of five-year Sukuk, 350 million riyals of seven-year and 250 million riyals of 10-year. Last month, the ministry sold 5.0 billion riyals of domestic Sukuk.

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