VOL. XLVI

No 33

18-August-2003

AID

IDB Approves New Financing Worth $384Mn

The Islamic Development Bank (IDB) approved new financing worth more than $384mn at the 216th meeting of the Board of Executive Directors on 21 July. This includes $276mn for financing development projects in 12 member countries, $560,000 as grants from the Waqf Fund for financing three educational projects in Muslim communities in non-member communities and $9.7mn towards export financing operation of petroleum products...