IsDB Approves $156 Million for Cancer Treatment Facilities in Turkmenistan

The Islamic Development Bank (IsDB) has approved a financing agreement worth $156.3 million to support the construction of three state-of-the-art cancer treatment facilities in Turkmenistan.

 The facilities in Balkanabat, Turkmenabat, and Mary Region will provide advanced oncology services to 11,750 patients. The agreement was signed by IsDB Group Chairman Dr. Mohammed Al Jasser and Chairman of the State Bank of Foreign Economic Affairs of Turkmenistan Rahimberdy Jepbarov, on the sidelines of the 2024 Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG).

 The IsDB has been a significant contributor to development in Turkmenistan, financing projects in various sectors, including energy, healthcare, information and communications technology, transportation, and trade. The bank has also supported major projects that enhance regional connectivity and boost Turkmenistan's export potential, such as railway, gas pipeline, and communications network enhancement projects.