Financial and Banking News


IDB Approves $132mn in Loans and Grants

The Board of Executive Directors of the Islamic Development Bank (IDB) on 1 September approved $131.906mn in loans and grants for development projects, foreign trade operations and technical assistance, as follows:

 Country Amount Purpose ($mn) Project Loans Morocco 13.0 Purchase of equipment and cost of civil works at the Aoulory Dam project Tunisia 2.5 Purchase of equipment for Bousalmar spinning project Total...