Financial and Banking News

AID FLOWS

IDB Tends $35mn to Three Member Countries 

The Islamic Development Bank (IDB) extended four loans to three member countries worth a total of $34.96mn, according to agreements signed last week. Algeria received $15mn to finance imports of intermediate industrial goods, a loan for $12.72mn was extended to Pakistan for a drainage and irrigation scheme, and two loans worth $7.24mn were provided to Guinea to finance an underground water project and a...