NO. 21


Financial and Banking News

Aid Flows

Islamic Development Bank Increases Financing Commitments

The Islamic Development Bank (IDB), which is owned by the 47 member states ofthe Organization of the Islamic Conference, increased its financialcommitments during its last year of operations, making it one of the few Arabaid agencies which is raising its level of activity. During the Islamic year1414 (the year to 10 June 1994) it committed $591.7mn, 17% more than the...