The United Arab Emirates has announced that the country will contribute $50 million to the second phase of the Lives and Livelihoods Fund 2.0.
Publish dateWednesday 24 April 2024 - 12:18
LLF 2.0 funding is administered by the Abu Dhabi Fund for Development (ADFD). The United Arab Emirates has contributed $50 million to LLF since the fund was launched in 2016.
LLF 2.0 said it will use the funds to support projects in health and infectious diseases, agriculture and social infrastructure in ISDB member countries.
The Life and Livelihood Fund, established in 2016, is a joint vision of Islamic Development Bank, Abu Dhabi Development Fund, Bill & Melinda Gates Foundation, Islamic Solidarity Fund for Development, King Salman Relief Humanitarian Aid Center and Qatar Fund for Development.
Also, the Islamic Solidarity Fund for Development and the Gates Foundation pledged to donate 150 million dollars and 100 million dollars each to the Life and Livelihood Fund (LLF 2.0).
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Source : news agency wam
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