VOL. XLVI

No 18

05-May-2003

IRAN

IDB Approves Loans Worth $661Mn; Further $70Mn For Iran Copper Project

The Islamic Development Bank (IDB) on 22 April announced that it had approved $661mn in loans, much of it destined for the Middle East and North Africa region. Morocco is the largest single beneficiary and will receive $87.7mn, including $65mn to purchase crude oil and other petroleum products, and $22.7mn for a sewerage project. Lebanon is to receive a total of $62.5mn $25mn to purchase crude...