Financial and Banking News

AID FLOWS

IDB Lends $24.29mn to Three Member Countries

The Islamic Development Bank (IDB) has agreed to lend $24.29mn to Tunisia, Iraq and Bangladesh, according to agreements signed last week. Tunisia will receive two loans, $5.29mn for imports of machinery and equipment needed to expand the country's textile industry and $4mn for imports of potash from an IDB member country. Iraq will receive a $10mn loan to import copper rods from Saudi Arabia, while a...