Financial and Banking News

AID

IDB DIVERSIFIES FUNDING AS LENDING DROPS

MEES Associate Editor Mehran Nakhjavani Reports from Istanbul The Islamic Development Bank (IDB), after eleven years of operation, has faced up to the problem of replenishing its resources by diversifying its funding sources, injecting a stronger element of commercial accountability into its operations, and reducing the volume of its financing. The bank's eleventh annual meeting, held in Istanbul last week saw the...