Financial and Banking News

AID FLOWS

IDB Approves $162mn in Loans and Grants 

The Board of Executive Directors of the Islamic Development Bank (IDB) on 26 May approved $162.34mn in development assistance, foreign trade operations, technical assistance and grants as follows:

- Development projects: $13.9mn to Libya to purchase equipment for a synthetic detergent factory; $13.5mn to Pakistan to purchase diesel engines for the national railways; $12.0mn to Iraq to purchase equipment...