The Islamic Development Bank (IDB) may borrow on the international market later this year and is moving ahead with raising finance for a new fund aimed at alleviating poverty in the Muslim world. The bank also plans to allocate additional funding to projects in the Palestinian areas through the IDB-managed Al-Aqsa fund and has approved the establishment of its new trade arm, the International Islamic Trade Finance Corporation (IITFC), IDB president Ahmad Mohamed Ali told MEED on 12 June in London.
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