Financial and Banking News

AID FLOWS

IDB Lends $16mn to Tunisia and Benin 

The Islamic Development Bank (IDB) has agreed to lend $15.56mn to Tunisia and Benin, according to agreements signed on 23 March. The Tunisian-Saudi Company for Investment and Development will receive a leasing provision of $10mn to be used for equity participation in small and medium-scale projects. Benin will receive three loans worth a total of $5.56mn for a feasibility study involving a farming project...