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June 29th, 2011
IDB Approves $716.7m Funding for New Projects

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The board of directors of the Islamic Development Bank (IDB) Group has approved new finances worth $716.7 million for new development projects in member countries. The board met here Tuesday on the sidelines of the IDB annual conference. IDB President Ahmed Mohamed Ali said the meeting approved two projects worth $98 million in Bangladesh,  a $91 million water project in Bahrain, a $95 million electricity project in Senegal and a $66 million electricity project in Syria. Read More