Financial and Banking News


IDB Approves $135mn Aid Package 

The Board of Executive Directors of the Islamic Development Bank (IDB) on 21 November approved loans and grants totalling $135mn, of which $120.3mn are for foreign trade financing:

 Country Purpose Amount ($mn) Bangladesh Import of Cement 10.0 Egypt Import of Cement 25.0 Egypt Import of Steel Rods 10.0 Egypt Import of Jute 5.0 Morocco Import of Crude Oil 20.0 Pakistan Import of Palm Oil 30.0 Syria Import of Jute...