NO. 5


Financial and Banking News

AID Flows

IDB Approves $85.64mn in Loans and Grants

The Board of Executive Directors of the Islamic Development Bank (IDB) inlate October approved $85.64mn in development aid, foreign trade financing andspecial assistance grants, as follows:

- Development projects ($35.62mn): $8.90mn for a rural water project inSenegal; $6.90mn for a rural water project in Oman; $15mn for the purchase byAlgeria of a 36,000-ton grain carrier; $2.48mn for the...