Financial and Banking News


IDB Approves $116.8mn in Loans and Grants

The Board of Executive Directors of the Islamic Development Bank (IDB) on 15 June approved $116.88mn in loans and grants for development projects, foreign trade operations, and technical assistance, as follows:

 Country Amount Purpose ($mn) Project Loans Cameroon 8.75 Procurement of equipment for rice processing plant in Yagoua Algeria 6.75 Procurement of equipment for Tahir sub-station project Egypt 1.80...