|
Comoros Economy - Development Comoros admitted to Islamic Development Bank afrol News, 12 June - Comoros has been admitted full membership to the Islamic Development Bank (IDB) during the Bank's annual board meeting, held in Jeddah. The impoverished island state already has been granted funding of several development projects and will receive aid to address the food prices crisis.During an IDB board meeting in the Saudi city of Jeddah, record budgets of the development bank were approved of. The Bank is to spend an additional US$ 533 million for new development projects all over the world. Also, the Bank said its 56 member countries are to invest up to US$ 1.2 trillion in infrastructure over the next ten years to meet the rapidly growing demand for telecom, transport, power, water and other infrastructure services. By staff writer © afrol News - Create an e-mail alert for Comoros news - Create an e-mail alert for Economy - Development news |
|
E-mail this to a friend |
|
Printable version |
Related pages and feature |
Current afrol News Top Stories |
|||||
|
|
about afrol News
| news
| countries
| archive
| services
| feed back
| español
© afrol
News. Reproducing or buying afrol News' articles.You can contact us at mail@afrol.com






