Financial and Banking News


IDB Provides $42.46mn to Four Member Countries 

The Islamic Development Bank (IDB) has agreed to lend $42.46mn to four member countries as follows: $15mn each to Pakistan and Bangladesh to finance crude oil imports; $6.5mn to Syria for jute imports from Bangladesh; and $5.96mn to Burkina Faso ($3.72mn for the import of tools and equipment for the Burkina Cement and Construction Material Company and $2.24mn to be added to the Company's equity...