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IDB Approves $333.9 million in New Grants 2 Jeddah

member countries, including India, Fiji Islands, Kenya, Nepal, Thailand and the United States.
The board meeting, chaired by IDB President Ahmed Muhammad Ali, approved a $5.4 million loan for Benin for a microfinance support program, and an $8.88 million loan for Sierra Leone to fund a community-driven development project.
Yemen will receive a $10.5 million loan for a rural development project while Pakistan will receive $62 million in finance for the construction and equipping of a teaching hospital.
IDB will give $124 million for an electricity power project in Bahrain, $120 million for a refinery and petrochemical project in Jubail.
Lautoka Muslim Primary School in Fiji will receive a grant of $250,000 while the Indian Muslim community in Jharkhand received $226,000 to build a vocational training center, the IDB said in a statement.

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