Financial and Banking News


IDB Approves $235mn in Loans and Grants 

The Board of Executive Directors of the Islamic Development Bank (IDB) on 10 April approved loans and grants totaling $234.57mn to finance trade operations, development projects and technical assistance as follows:

- $194.5mn for nine foreign trade operations: $50mn to Algeria for the purchase of intermediate industrial goods; $15mn to Iraq for the purchase of palm oil from Malaysia; $5mn to Tunisia for...