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Islamic Finance Briefing - Categorized | Banking, Market Moves more

Islamic Development Bank signs $2bln deal with Korea Development Bank

Posted on 29 June 2012

The Islamic Development Bank ( IDB ) has signed a Framework Co-financing Agreement (FCA) with Korea Development Bank (KDB) in which each bank will earmark $1 billion to co-finance public private partnership (PPP) projects in IDB member countries over the next three years.
The common pipeline of projects for co-financing would be based on the two institutions’ shared understanding of the development needs of the target countries and best practice concepts on development financing. The agreement aims to target projects in infrastructure, agriculture, human development and development of the private sector………………………………………..Full Article: Source

 
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