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Islamic Development Bank gives 30 million dollars to Palestine
Palestine-Regional, Economics, 5/21/2001
The Islamic Development Bank (IDB) announced it transferred US $30 million to the Palestinian Authority (PA), the second batch of a loan to back the PA's budget.
IDB chairman Ahmad Mohammad Ali said the loan's overall value amounted to $ 180 million to be presented for the authority over six months, each with 30 million. The first batch was transferred last month.
The supreme council of Al-Aqsa and Intifada funds pledged to lend the PA's budget 60 million dollars, two-third of the amount had already been transferred. The one-billion-dollar funds were established during the Arab summit in Cairo last year.
Previous Stories:
US $ 750 million at al-Aqsa and Jerusalem Fund
(12/21/2000)
Islamic Bank receives first contributions to Palestinian funds
(12/11/2000)
Arab organization to implement projects in Palestine
(10/24/2000)
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