| The World Bank and the Islamic Development Bank plan to set up a facility to raise $1 billion for joint Arab infrastructure projects, an e-mailed World Bank statement said.
The Arab Financing Facility for Infrastructure, or AFFI, will be set up by the World Bank’s International Bank for Reconstruction and Development as well as its private-sector arm, the International Finance Corp., and the Jeddah-based Islamic Development Bank, it said............................................Full Article: Source
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