IDB and DFID Established Arab Women’s Enterprise Fund

posted on: Feb 4, 2015

Baku, Fineko/abc.az. The Islamic Development Bank (IDB) and the United Kingdom’s Department for International Development (DFID) have signed a Memorandum of Understanding (MoU) to establish Arab Women’s Enterprise Fund (AWEF).

The Bank informs that both IDB and DFID will contribute £10 million in Pounds Sterling each (nearly US $20 million) towards the establishment of Arab Women’s Enterprise Fund.

Under the memorandum, AWEF will co-finance individual projects, support the development of knowledge, and introduce the best practices, promote the expansion of the private sector and mobilize the joint initiative.

“About Us.” IDB, DFID to Establish Arab Women’s Enterprise Fund. N.p., n.d. Web. 03 Feb. 2015.