VOL. XXXII

NO. 18

6-FEBRUARY-1989

Financial and Banking News

AID FLOWS

IDB Approves $23mn in Loans and Grants

The Board of Directors of the Islamic Development Bank (IDB) on 26 Januaryapproved $243.265mn in loans and grants as follows: $77.4mn for developmentprojects, $154.08m for foreign trade financing, $7.423mn for technicalassistance and $4.362mn for various grants.