Financial and Banking News

AID FLOWS

IDB Approves $43.6mn in Loans to Seven Countries 

The Board of the Islamic Development Bank (IDB) on 12 December approved loans totaling $43.57mn to finance trade operations, development projects, equity financing and feasibility studies in member countries as follows ($mn):

 Country Purpose Amount  Jordan Imports of crude oil 20.00 Tunisia Imports of cotton 4.00 Syria Imports of jute bags from Bangladesh 12.00 Mauritania Purchase of fishing boats...