Financial and Banking News
AID FLOWS
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...
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