Mon, Sep 22, 2014
A A A
Welcome bhaimia
RSS

Islamic Finance Briefing - Categorized | Funds, New Launches more

World Bank, IDB launch $1bln Mena development fund

Posted on 11 October 2010

From Gulfnews.com: The World Bank said Sunday that it is setting up a regional initiative in cooperation with the Islamic Development Bank (IDB) that could raise up to $1 billion to close the infrastructure gap in the Middle East and North Africa (Mena), which will undermine the region’s growth if not urgently addressed.

The Middle East and North Africa region needs to invest between $75 billion and $100 billion a year to sustain the growth rates that have been achieved in recent years and to boost economic competitiveness, the World Bank said. It added that private sector investment in infrastructure in Mena countries is limited, especially outside the Gulf countries despite huge unmet demand for infrastructure services…………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed
 
Article link

This post was written by:

Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

banner
September 2014
M T W T F S S
« May    
1234567
891011121314
15161718192021
22232425262728
2930