VOL. XLIII

No. 15

10-April-2000

LOANS

Islamic Development Bank Approves $225Mn In New Finance

The Board of Executive Directors of the Jiddah-based Islamic Development Bank (IDB) announced on 3 April that it has approved a total of $225mn in new financing facilities for the development of projects in member countries. According to a statement from the bank, the board approved $102mn for development projects in member countries and Muslim communities around the world and an additional $123mn was...