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...
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