Financial and Banking News


IDB Lends $86.9mn, Approves $142.2mn in Aid 

The Islamic Development Bank (IDB) on 23 March signed three loan agreements with Syria totaling $29.9mn to finance imports of equipment for an irrigation project, sheet iron, wood and canvas bags. The IDB has also taken a $10.5mn equity stake in Turkey's Ziraat Bankasi and signed a rescheduling agreement with Sudan for outstanding debts of $46.5mn, to be repaid over three years partly in cash and...