Saturday 31 October 2020

IDB agrees $593m funding for four nations

RIYADH, November 11, 2015

Saudi Arabia-based Islamic Development Bank has approved $593 million in funding for development projects in Kazakhstan, Gabon, Benin and Turkey, the bank said in a statement on Tuesday.

It also agreed to provide a grant to study the feasibility of a regional project for livestock development in Burkina Faso, Mali and Niger, according to the statement posted on the website of Saudi state news agency SPA.

Fifty-six countries are members of the bank, which is aimed at supporting economic development in the Islamic world, according to its website. – Reuters

Tags: Saudi Arabia | IDB | Funding | Islamic Development Bank |

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