JEDDAH -- The Islamic Development Bank, or IDB, significantly increased its project financing in member countries in 2008 by 17 per cent over the previous year totalling $3.1 billion, according to the latest annual report which was made available at a Press conference at the bank headquarters.

The overall financing (including project, trade and grants) to public and private sectors in member countries grew by 5 per cent to reach $5.7b.

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Posted by rjorr at June 27, 2009 3:13 PM