In accordance with the relevant decision of the 3rd Extraordinary Islamic Summit held in 2005, Islamic Solidarity Fund for Development (ISFD) was established as a special fund within the IDB. The Fund was officially launched in 2007 with the aim of contributing to the reduction of poverty in the Member States. It focuses on human development, agriculture and rural development, basic infrastructure and micro enterprises. The targeted budget of the Fund is USD10 billion. As of November 2016, total amount of received contributions is US$ 2.48 billion.
Please click for the report on ISFD submitted by the IDB Group to the 32nd Session of the COMCEC.