VOL. XXXI

NO. 30

2-MAY-1988

Financial and Banking News

AID FLOWS

IDB Approves $105mn in Loans and Grants; Lends $23mn

The Board of Directors of The Islamic Development Bank (IDB) on 19 Aprilapproved $105.74mn in loans and grants, as follows: $52.73mn for developmentprojects; $40mn for foreign trade operations; $1.30mn for technical assistance;and $11.71mn for grants.

The IDB also agreed on 24 April to lend Tunisia $3mn for imports of chemicalmaterials and Pakistan $20mn for imports of palm oil.