Opec and regional economic institutions: IsDB Covid response, oil output cuts deliver

IsDB mobilises $2.3bn Covid-19 package: The Islamic Development Bank Group has put together a $2.3bn Strategic Preparedness and Response Programme for Covid-19, under its “3Rs approach [of] respond, restore and restart”. $1.52bn will be funded from the Jeddah-based IsDB's ordinary capital resources, mainly from a reallocation of committed resources to mitigate Covid-related risks in the 47 OIC member economies.