IDB allocates $250 million to curb poverty and create jobs

February 28, 2011

The Executive Managers Council of the Jeddah-based International Development Bank (IDB) has announced that it will appropriate $250 million to enable member parties to provide support for investments aimed at curbing poverty and creating job opportunities for youths. In a statement following a meeting in Jeddah today, the Council said it was aiming to build up the institutional capabilities of member countries by supporting vocational training programs that meet labor market needs and providing the necessary support for micro-finance institutions and finance lines benefiting small and medium institutions.

« Return