Financial and Banking New


IDB Approves $65mn in Loans and Grants

The Board of Executive Directors of the Islamic Development Bank (IDB) on 27 July approved $64.75mn in loans and grants for development projects, foreign trade operations, and technical assistance, as follows:

 Country Amount Purpose ($mn) Project Loans Somalia 2 Purchase of tools and equipment for a flour mill and pasta plant with repayment in 10 years Total 2 Technical Assistance Sudan 0.1 Feasibility study for...