Morocco’s Donation to Islamic Fund for Solidarity in Development
Morocco has released this week, an amount of 5 million dollars to the Islamic Fund for Solidarity in Development, which was newly founded in Dakar, capital of Senegal, by the Islamic Development Bank. This money is aimed by Morocco to be a contribution in the fight against poverty in Islamic countries.
It is expected that the fund receives about 10 billion U.S. dollars, including voluntary contributions from Islamic Fund for Solidarity in Development member countries, in order to enhance solidarity among Islamic countries.
To be noted that the decision to establish the Islamic Fund for Solidarity in Development was taken during the extraordinary summit of the Organization of the Islamic Conference which was held in Mecca, Saudi Arabia, in December 2005.