Financial and Banking News

AID FLOWS

IDB Approves $145.23mn in Loans and Grants 

The Board of Executive Directors of the Islamic Development Bank (IDB) on 24 July approved $145.23mn in aid for development projects, foreign trade operations and technical assistance as follows:

- Development projects: $6.3mn for a Moroccan rural development project; $7.3mn to Malaysia for a pulp project and a palm oil mill; $2.75mn to Pakistan for a new portland cement factory; and $2.93mn to Tunisia...