Financial and Banking News


IDB Approves $90mn Aid Package 

The Board of Executive Directors of the Islamic Development Bank (IDB) on 15 January approved development and foreign trade loans totalling $90.15mn, as follows:

 Country Purpose Amount ($mn) Turkey - Extention of line of credit to Ziraat Bankasi 10.92 - Imports of crude oil from Iraq 15.00 Bangladesh - Acquisition of a dry cargo vessel by the 11.32 Bangladesh Shipping Corp. - Imports of cement 5.00 U.A.E. -...