14.01.2013 - Bangladesh: IDB may provide $1.6bln loan for development, poverty reduction
The Islamic Development Bank is likely to provide US$1.6 billion for Bangladesh's development and reduce poverty in four years until 2016, officials said. Economic Relations Division (ERD) officials said the Jeddah-based lender IDB is working with them to finalise a Member Country Partnership Strategy (MCPS) to offer the financial support to Bangladesh. "The strategy is likely to be finalised within this month. If it is done the IDB will provide the billion-dollar plus assistance for developing different sectors of the country," additional secretary of ERD Kazi Shofiqul Azam said...............................................Full Article: Source
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