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IDB Approves $833.8 million in loans
Saudi Press Agency Published in Saudi Press Agency on 10 - 07 - 2007

The Board of executive directors of the Islamic Development Bank (IDB) approved yesterday an amount of $833.8 million to finance development projects and trade transactions and provide special assistance to member countries and Muslim communities in non-member countries.
The board meeting, chaired by IDB President Dr.Ahmed Mohammad Ali, reviewed the progress of the implementation of the bank's 2020 vision.
It also approved $15.3 million to combat malaria in Sudan and Senegal.
It will give $200 million to Saudi Basic Industries Corporation (SABIC) to purchase raw materials and spare parts, according to a report published today by the Jeddah-based Arab News.

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