IDB to provide new funds for Member States

JEDDAH, 26th July, 2015 (WAM) — The 306th session of the Board of Executive Directors (BED) of the Islamic Development Bank (IDB) Group started in Jeddah today under the chairmanship of the Bank Group’s President Dr. Ahmad Mohammed Ali in the presence of 18 members representing 56 member countries.
According to the Saudi Press Agency, SPA, the meeting discuss the approval of financing many new development projects, administrative and technical reports, the progress of work in determining the details of the Bank Group’s strategy for the next ten years, a summary of the strategy action plans, a report on Regional Partnership Strategy, and another report on knowledge management strategy.