VOL. XXXII

NO. 46

21-AUGUST-1989

Financial and Banking News

AID FLOWS

IDB Lends $23.4mn to Three Member States

The Islamic Development Bank (IDB) has agreed to lend $23.439mn to threemember states, as follows: $13mn to Iraq for the financing of imports of copperbars and chemical materials from IDB member states; $5.25mn to Egypt for theimport of spare parts; and $5mn to Uganda for the import of petrochemicalproducts, as well as $189,000 for a feasibility study of a railroad project.