VOL. XLVI

No 11

17-March-2003

MOROCCO

IDB Approves $325Mn Financing; $41Mn Loan To Morocco

The Islamic Development Bank (IDB) has approved $325mn in financing for member states. A total of $124mn will go towards financing development projects in 17 countries, while $198mn will be used for trade financing and $3mn for grants and technical assistance. Egypt receives $50mn to finance wheat purchases (which have recently been made more expensive by the devaluation of the Egyptian pound), Bangladesh...