VOL. XLIII

No. 05

31-January-2000

AID

IDB Approves $200Mn In Financing

Following the 191st session of the Board of Executive Directors, the Jiddah-based Islamic Development Bank (IDB) announced on 24 January that it had approved new loans worth a total of $201mn to finance projects in Islamic states and to provide assistance to Muslim communities in non-Islamic countries.

In a statement, IDB President Ahmad Muhammad Ali said that the finance will be used for development projects as part of the...