16.02.2010 - Saudi IDB says rule change may cut debt issuance
From Reuters: The Saudi-based Islamic Development Bank (IDB) is considering cutting the amount of cash it must keep on its books in a move which could reduce its need to tap the debt markets for funds, a senior official said. Mohammad Tariq, advisor to IDB president Ahmed Mohamed Ali, said the IDB currently holds the equivalent of 40 percent of its investment commitments on its books, but will decide within four months whether to change this measure to a system more closely matching short-term inflows and outflows........................................Full Article: Source
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