VOL. XLIII

No. 38

18-September-2000

LOANS

IDB Approves $278 In New Finance

The Board of Directors of the Jiddah-based Islamic Development Bank, following its 195th session, announced on 11 September that it had approved $278mn in finance for member and non member countries. A total of $127.4mn will be used to finance development projects in Albania, the Maldives, Brunei, Togo, Saudi Arabia, Qatar, Sudan, Egypt, Yemen, Iran, Morocco and Niger. A further $149mn worth of trade financing, export...