From Saudigazette.com.sa: The Islamic Development Bank (IDB) will double its annual funding to 30 percent starting year 2009, Dr. Ahmed Mohamed Ali, IDB president, said.
The increase of the annual growth funding will save about $2.5 billion during next three years in order to keep more resources for supporting the economic development needs in the member countries and responding to the challenges imposed by financial global crisis…….Full Article: Source