Financial and Banking News
IDB Lends $63mn
The Islamic Development Bank (IDB) is to lend a total of $62.65mn to eightcountries. Three states account for $41.5mn of this, as follows: $10mn forAlgeria to import aluminium and polyethylene, $16.5mn to Iraq to import jute,copper bars and polyethylene, and $15mn to Pakistan for the import of Saudicrude oil. A further five African states are to receive interest free loanstotalling $21.15mn: $10mn to Senegal for...