VOL. XLIV

No 39

24-September-2001

SAUDI ARABIA

IDB Approves $420Mn In New Finance

The Jiddah-based IslamicDevelopment Bank announced on 10 September that it had approved financing wortharound $420mn for a number of member countries and Muslim communities innon-member countries. According to a statement from the bank, the newprovisions included $241mn for 11 development projects in 10 member countriesand a further $1.6mn in grants for Muslim communities in seven non-membercountries. The former...