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IDB approves new finances for more than $ 202 million
Morocco, Economics, 2/9/2000
The Islamic Development Bank approved, at the conclusion of its 191 session in Jeddah earlier this week, new finances for more than $ 202 million in favor of a number of member countries and Muslim communities in nonmember countries.
According to IDB regional Bureau in Rabat, $ 201 million will be used to finance 14 development projects in 12 member countries, and about US$ 1 million from IDB Waqf Fund in favor of Muslim communities in three nonmember countries.
The Board also discussed the business plan and budget of the newly-formed Islamic Corporation for the Development of the Private Sector and the signing of a joint venture agreement with the private sector to implement and to commercially operate the OIC Information Systems Network.
Previous Stories:
Saudi loan to refurbish hospitals in Marrakesh
(11/23/1999)
Morocco gets $ 7.6 million loan from Islamic Bank
(11/2/1999)
Islamic bank lends Morocco $30 million for water projects
(2/19/1999)
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