Financial and Banking News


IDB Provides Assistance to Four Member States 

The Islamic Development Bank (IDB) provided the following loans and grants to four member states last week: an $11.35mn loan to finance the purchase of tools and equipment for a steel plant in Izzir, Turkey; a $21mn loan to finance the purchase of crude oil by the Bangladesh Eastern Refining Ltd.; a $10mn loan to the Kurigram flood control and irrigation project in northern Bangladesh; a $15mn loan to...