VOL. XLIII

No. 23

5-June-2000

AID

IDB Approves $438.5Mn In Financing

The Jiddah-based Islamic Development Bank (IDB) announced on 29 May that it had approved new financing of over $438.5mn for various activities. According to a statement from the bank, the Board, under the new leadership of IDB President Ahmad Muhammad 'Ali, President of the IDB, approved $277.5mn for member countries and Muslim communities in non-member countries. On the same day, the Board also confirmed that $161mn for trade...