VOL. XLV

No 19

13-May-2002

AID

IDB Approves New Financing Worth $388Mn

The Islamic Development Bank (IDB) announced that ithad approved new financing of more than $388mn following the 207th meeting ofits board of directors in Jiddah on 6 May. The newprovisions consist of $99mn for financing 10 development projects in nine ofits member countries, $5mn towards share capital of the LiquidityManagementCenter in Bahrain and $1.1mn as a grant for educational projects.

Amongst the development projects...