The Islamic Development Bank (IDB) approved a total of $141 million in mid-December to finance development projects and trade in member countries.
The countries receiving finance include:
Oman – $21.2 million for a power generation project (see Oman)
Indonesia – $11.87 million for a new building at its Islamic university
Guinea – $7.2 million for an agricultural scheme
Benin – $2.12 million to construct an 81-kilometre road. The IDB has so far
provided $9.32 million for this project.
Trade financing facilities include:
Turkey – $18.8 million to import medical equipment for the September 11 hospital as part of a project to expand bed capacity to 1,271 from 900. Turkey will also get $6 million to import magnetised tapes
Iran – $15 million to import steel balls
Pakistan – $15 million to import crude oil from Saudi Arabia
Morocco – $15 million to import crude oil
Algeria – $8 million to import iron rods
Tunisia – $6 million to import sulphur
Indonesia – $10 million to import shipbuilding materials.
The IDB has also approved grants worth a total of $1.3 million to Muslim communities in Ethiopia, China, India and Nigeria.
