The OIC said the conference aims at mobilizing donations and investments for a number of sectors, including water, health and education. The conference will be held under the co-chairmanship of Egypt, Turkey, Saudi Arabia and Sudan. The International Development Bank will participate in the conference.
The budget allocated for these projects amounts to almost $2 billion, $196 million of which is allocated for food and agriculture while $120 million is allocated to help families hit by war.
The ambitious project aims at building 120 villages with an average of 400 residential units for each.
Ambassador Atta Al-Mannan Bakhiet, OIC assistant secretary-general for humanitarian affairs, said the conference's preparatory committee established a comprehensive financial plan taking into consideration the required follow-up mechanism to allocate and disburse the funds. Their aim, he added, is not to stop at the donations for financing various development projects but to proceed to cover soft loans. The projects were prepared and examined by the OIC, IDB, and the Sudanese government.
