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Islamic Finance Briefing - Categorized | Banking, Market Moves more

IDB and ADB expand joint financing by one third

Posted on 13 December 2011

The Islamic Development Bank Group and the Asian Development Bank have activated joint financing within the Framework Financing Agreement (FCA).
The IDB reports that Ms. Lakshmi Venkatachalam, ADB Vice-President for Private Sector & Co-financing Operations, and Mr. Birama Sidibe, IDB Group Vice-President for Operations put their signatures to the US$ 6 billion partnership agreement which envisages a US$ 2.5 billion commitment by IDB and US$ 3.5 billion of undertakings by ADB………………………………………..Full Article: Source

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