Financial and Banking News

AID FLOWS

IDB Lends $17mn to Three Member Countries 

The Islamic Development Bank (IDB) is to provide loans worth $16.7mn to three member countries, according to agreements signed late last month. Indonesia will receive $7.4mn to help finance a fisheries project, while two loans worth $5.7mn and $3.6mn will be extended to Chad and Uganda respectively to finance rice projects.