Riyadh, Saudi Arabia, 1 May 2024– The Islamic Development Bank’s administered Lives & Livelihoods Fund (LLF) has received a major boost with a new funding of US$ 100 million announced by the King Salman Humanitarian Aid and Relief Centre (KSrelief) of the Kingdom of Saudi Arabia. 

Saudi Arabia has a decades-long commitment to steer sustainable development in low- and middle-income countries and close the economic divide that locks countries in a cycle of poverty, undercuts their capacity to respond to the needs of vulnerable communities, and prevents their equal access to resources. 

Fresh replenishment by KSrelief aim to build upon its initial contributions of US$ 100 to LLF as a demonstration of its commitment to improving lives in low-income countries.

Earlier this week, on April 29, 2024, four global development partners including the Abu Dhabi Fund for Development, the Bill and Melinda Gates Foundation, the Islamic Development Bank, and KSrelief, jointly announced an additional US$ 219 million in donor support for total 37 projects in 22 IsDB member countries through the Lives and Livelihoods Fund 2.0 (LLF 2.0). The announcement was made during the Charter Signing Ceremony at the IsDB Annual General Meetings 2024 in Riyadh.  

The newly announced funding will further expand our joint efforts under LLF 2.0 to lift the poorest out of poverty across 33 IsDB member countries. The innovative LLF financing model provides concessional financing to countries for strengthening primary health care systems, improving the livelihoods and productivity of smallholder farmers, and building the blocks of social infrastructure for the most vulnerable. 
With the support of KSrelief and our partners, LLF’s overall investment portfolio stands at US$ 1.5 billion, channeled into critical socioeconomic and human capital development projects in member countries. 
 
The Lives and Livelihoods Fund (LLF) is a US$ 2.5 billion development initiative launched in 2016 and funded by an unprecedented global coalition including the Abu Dhabi Fund for Development (ADFD), the Bill & Melinda Gates Foundation (BMGF), the Islamic Development Bank (IsDB), the Islamic Solidarity Fund for Development (ISFD), King Salman Humanitarian Aid and Relief Centre (KSrelief), and the Qatar Fund for Development (QFFD). As the largest development initiative in the Middle East, its goal is to lift the poorest out of poverty across 33 IsDB member countries by addressing nine Sustainable Development Goals (SDGs) through projects in health, agriculture, and basic infrastructure.



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Lack of access to basic infrastructure can prevent poor communities from connecting to needed resources. Through our investments, the Lives and Livelihoods Fund is providing the steppingstones for prosperity and self-reliance.

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KSrelief Announces US$ 100 million Funding to Boost the Impact of IsDB Administered Lives & Livelihoods Fund in Low-income Countries

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Job creation especially for women and Youth. Increasing income of small holder farmers, improving food security and improving access to basic social services

Our goal for our investments in agricultural projects is to help smallholder farmers increase their production of livestock and staple crops.

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Lives and Livelihoods Fund is a joint vision of the Islamic Development Bank (IsDB) and other development cooperation partners aimed at raising the poorest out of poverty in IsDB member countries.

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The Lives and Livelihoods Fund enables member countries to invest in themselves by providing concessional financing for projects with high human development impact.

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The portfolio of projects approved by the LLF from 2016 to 2020 is already transforming thousands of lives and livelihoods.

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Uganda 

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Uganda is a landlocked country located in East Africa, with a population of 42.7 million (2018), and an area of 236,040 square km. Agriculture is a core sector of Uganda's economy and the largest employer. Over 80 percent of women are employed in the sector and contribute about 75 percent of agricultural production. The main challenges faced by the agriculture sector include, among others, low production and productivity due to lack of adequate irrigation, traditional farming practices, lack of good quality feeder road networks, inappropriate management of natural resources, and aging productions tools.

Promoting economic growth in Uganda by improving farmers' socio-economic environment

LLF_Fact Sheet_ (Uganda Agri) 03-07-2022.pdf

Uganda Fact Sheet

Enabling people to lead better lives

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Local Economic Growth Support in Uganda

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Regional Overview - Africa

Africa, the second largest continent (after Asia), covering about one-fifth of the total land surface of Earth. The continent is bounded on the west by the Atlantic Ocean, on the north by the Mediterranean Sea, on the east by the Red Sea and the Indian Ocean, and on the south by the mingling waters of the Atlantic and Indian oceans. As of 2019, the total population of Africa is estimated at 1.3 billion, representing 16 percent of the world's population. According to UN estimates, the population of Africa may reach 2.49 billion by 2050 (about 26% of the world's total) and 4.28 billion by 2100 (about 39% of the world's total). Africa is a young continent, with 60% of its population under the age of 25. The continent contains an enormous wealth of mineral resources, including some of the world’s largest reserves of fossil fuels, metallic ores, and gems and precious metals. Agriculture in Africa is the cornerstone of sub-Saharan Africa, generating almost 23 percent of the continent’s GDP, and smallholder farms form 80 percent of Africa’s farmland. Despite this, most African countries are plagued by systemic issues like wide-scale corruption or civil unrest. Infrastructure in Africa is profoundly underdeveloped, and the shortcomings extend across numerous sectors, including roads, railways, electricity generation, water purification, sewage and waste management, and ICT frameworks. In addition, infectious tropical diseases are leading causes of death in the continent. Malaria, for instance, causes 62.1 deaths per 100,000 people per year, while HIV/AIDS kills 121.9 per the same.

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KSrelief Announces US$ 100 million Funding to Boost the Impact of IsDB Administered Lives & Livelihoods Fund in Low-income Countries

02, May 2024

Latest updates

Latest updates

KSrelief Announces US$ 100 million Funding to Boost the Impact of IsDB Administered Lives & Livelihoods Fund in Low-income Countries

02, May 2024

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Local Economic Growth Support in Uganda

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