VOL. XXXV
NO. 5
4-NOVEMBER-1991
Financial and Banking News
Financial Flows
IDB Disburses $124mn to Members and Islamic Groups
The Jiddah-based Islamic Development Bank (IDB) announced on 30 October thatit was disbursing $124mn as loans and grants to member states and Islamicgroups. The IDB state- ment said these loans would finance foreign trade opera-tions worth $71mn and development projects worth $47.834mn. The bank alsoannounced grants worth $5.4mn. The loans and grants are as follows:
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