Financial and Banking News


IDB Lends $70mn to Three Countries

The Islamic Development Bank (IDB) has signed four loan agreements worth $70mn with the following member countries:

 Country Purpose Amount ($mn)  Algeria Purchase of intermediate goods 35.00 Oman Import of equipment for a gas project 14.00 Iraq Import of jute and jute bags 11.00 Iraq Purchase of supplies for Iraqi hospitals 10.00