The Islamic Development Bank is pledging to raise 10B$ over ten years to combat poverty in Africa. The Saudia Arabia based fund, designed to tackle poverty in Islamic members states, particularly in Africa, is a multilateral development banking institution with 56 members countries from four continents. Since its inception in 1975, the bank has financed 50B$ towards development needs of its members countries, according to IsDB figures. The funds will be used to contribute towards achieving the Millenium Development Goals, and will focus on primary education, health, rural infrastructure development, agriculture, micro-finance, emergency assistance, recovery and reconstruction..