22.07.2009 - Islamic Development Bank weighing various options to raise funds
From Khaleejtimes.com: The Jeddah-based Islamic Development Bank, or IDB, is considering several options to raise funds as part of its resource mobilisation strategy in view of the rise in demand for financing in member countries impacted by the aftermath of the global financial crisis. According to Mohammed Tariq, head of treasury at the IDB, the total funding requirement of the bank over the next 5 years, is currently estimated at $5 billion with the proceeds to be used primarily for project financing........Full Article: Source