VOL. XLIV

No 45

5-November-2001

SAUDIARABIA

IDBApproves $34Mn Loan For Algeria, Kuwait To Finance Algerian Development Fund

The Saudi-based IslamicDevelopment Bank (IDB) announced on 29 October that it had approved a $34m loanfor Algeria to complete the installation of an irrigation network that willsupply 34,000 hectares of farmland from the Beni Haroun dam. On the sidelinesof the IDB annual meeting, Algeria and Kuwait also agreed to set up a joint investmentfund with an initial capital of...