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Islamic Solidarity Fund for development far short of target

Posted on 05 April 2012

An Islamic poverty alleviation fund has attracted just 17 percent of its targeted $10 billion in funding, officials said Wednesday at the annual meeting of the Islamic Development Bank (IDB) in the Sudanese capital.
A resolution expressed its “concern over the wide gap between the initially targeted amount of $10 billion and the announced contributions… only by a number of member countries” in the 56-nation bank, whose members all belong to the Organisation of Islamic Cooperation………………………………………..Full Article: Source

 
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