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Islamic Development Bank approves record $4.2 bln of loans

Posted on 05 December 2011

Ahmed Mohamed AliThe Islamic Development Bank, a Jeddah-based multilateral lender, said it approved a record $4.2 billion in financing for projects around the world this year.
Funding included $105 million for a power-generation, transmission and distribution program in Mauritania’s capital, Nouakchott, $53 million for the Saudi Arabian SME Fund and $11 million to support the second phase of a road project in Morocco, the lender said……………………………………….Full Article: Source

 
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