Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Islamic Development Bank Approves Over Us$705 Million For Financing New Projects  Join our daily free Newsletter

MENAFN - Qatar News Agency - 06/02/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Qatar News Agency) The Islamic Development Bank (IDB) has approved, during the 295th meeting of its Board which convened in Jeddah, US 705.18 million of new financing focusing on infrastructure, and human development in member countries and education sector in Muslim communities in non-member countries.



Of the approvals, US 630.05 million were allocated to the infrastructure sector inclusive of US 224.4 million for "Upgrading and Reconstruction of Ujar-Zardab-Agjabadi Road in Azerbaijan Republic"; US 220 million for "Assiut (El-Walidia) Thermal Power Plant Project in Egypt"; US 87.45 million for the "Rural and Water Supply and Sanitation Program" in the countries of WAEMU (West African Economic and Monetary Union comprising Benin, Burkina Faso, Cote d'Ivoire, Mali Niger, Guinea Bissau, Senegal and Togo), US 58.2 million for "Upgrading the Dedougou-Tougan Road Project" in Burkina Faso; US 20 million for "Rural Electrification Expansion Project" in Barisal Division in Bangladesh; as well as US 20 million for contributing to "Completion of the Extension and Modernization of the Bamako-Senou International Airport Project" in Mal



On the human development front, the Board approved US 73.83 million which included; US 60 million for "Health System Strengthening Project" in Surinam, US 9 million for "Basic Education Support Project in Priority Areas" in Cameroon, and US 4.83 million as additional financing for "Health System Development Support Project" in Benin setting the IDB total financing for this project at US 24.83 millio



In the same framework, the Board Members also approved US 790,000 under the IDB Waqf Fund as grant to a number of educational projects in Muslim communities in Fiji, New Zealand, Rwanda, and the United State




 






  MENA News Headlines
 Jul 25 2014 - Joint statement by the President of the European Council Herman Van Rompuy and the President of the European CommissionMENAFN Press
(MENAFN Press) BRUSSELS Kingdom of Belgium July 25 2014/African Press Organization (APO)/ -- On behalf of the European Union we wish to convey our deepest condolences to the families of the victims ...

 Jul 25 2014 - UN says more support urgently needed to tackle growing food insecurity in the SahelFundingMENAFN Press
(MENAFN Press) ROME Italy July 25 2014/African Press Organization (APO)/ -- The United Nations today called on the international donor community to renew a commitment to fight hunger and food ...

 Jul 25 2014 - UN says more support urgently needed to tackle growing food insecurity in the SahelFunding gapMENAFN Press
(MENAFN Press) ROME Italy July 25 2014/African Press Organization (APO)/ -- The United Nations today called on the international donor community to renew a commitment to fight hunger and food ...

 Jul 25 2014 - Death of British national in Air Algerie crashMENAFN Press
(MENAFN Press) LONDON United-Kingdom July 25 2014/African Press Organization (APO)/ -- It is with deep regret that the Foreign and Commonwealth Office confirms the death of a British man onboard Air ...

 Jul 25 2014 - The United Nations welcomes the signing in Brazzaville of a commitment to peace in the Central African RepublicMENAFN Press
(MENAFN Press) BRAZZAVILLE Republic of the Congo July 25 2014/African Press Organization (APO)/ -- Mr. Abdoulaye Bathily and Lt-General (rtd) Babacar Gaye Special Representatives of the ...

 Jul 25 2014 - On Meriam Ishag and FamilyMENAFN Press
(MENAFN Press) WASHINGTON July 25 2014/African Press Organization (APO)/ -- Press Statement John Kerry Secretary of State Washington DC July 25 2014 Around the world supporters of religious ...

 Jul 25 2014 - Liberia National DayMENAFN Press
(MENAFN Press) WASHINGTON July 25 2014/African Press Organization (APO)/ -- Press Statement John Kerry Secretary of State Washington DC July 25 2014 On behalf of President Obama and all ...

 Jul 25 2014 - Gilas Last Home Stand that never wasArab News
(MENAFN - Arab News) E fiasco that happened on Tuesday night in what was supposed to be the first of two tune-up matches for Gilas Pilipinas against a crack NBA selection certainly left a bad taste ...

 Jul 25 2014 - Kuwait - Sovereign Ratings Affirmed at AA-MENAFN Press
(MENAFN Press) 25th July 2014 Kuwait's Sovereign Ratings Affirmed at 'AA-'RATING ACTIONCapital Intelligence (CI), the international credit rating agency, today announced that it has affirmed Kuwait's ...

 Jul 25 2014 - Indian Tech Mahindra, Saudi Midad Holding sign dealMENAFN
(MENAFN) Indian IT giant Tech Mahindra Ltd has signed a joint venture with Midad Holding to expand its existence in Saudi Arabia, according to Arabian Business.The JV will be called Tech Mahindra ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help