The Board of Executive Directors of the Islamic Development Bank (IDB), has approved US$ 616.2 million for new projects and technical assistance in member countries and Muslim communities in non member countries. The Board which concluded a session under the chairmanship of Dr. Ahmad Mohamed Ali IDB, President expressed profound thanks, deep appreciation and sincere gratitude to the Custodian of the Two Holy Mosques, King Abdullah bin Abdulaziz for his kind patronage and inauguration of the 33rd Annual Meeting of the IDB Board of Governors, his generous care bestowed on the meeting and his reception for the IDB Governors. The meeting approved during the session US$ 3 million for IDB Group Reform, delegating the Management to undertake necessary measures for the implementation of the Project, according to a latest press release of the IDB. A Progress report on the implementation of IDB Vision (2020) was also reviewed at the Board meeting. --MORE
