29.10.2010 - Gambia signs US$ 44mln agreement with Islamic bank
The Gambian government and the Islamic Development Bank (IDB) Group have signed funding agreements, worth over US$ 44.932 million, for five major development projects in The Gambia. According to a press release, the five loan agreements, which mark a historic milestone in The Gambian government's relation with the bank group, included: the financing of the development of the University of the Gambia project for US$ 15.672 million; financing The Gambia Community Based Infrastructure and Livelihood Improvement Project for US$ 15.860 million; technical assistance grant for financing the Gambia Community Based Infrastructure and Livelihood Improvement Project for US$ 400,000..............................................Full Press Release: Source
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