IDB extends $11 million in relief aid for flood victims in Pakistan

August 12, 2010

The Executive Directors of the Jeddah-based Islamic Development Bank (IDB) approved a grant of $11 million for relief efforts in flood-ravaged Pakistan at a meeting held yesterday under the chairmanship of IDB President Dr. Ahmed Mohammed Ali. The Directors also approved allocations worth $620.4 million for financing new development projects in Morocco, Sudan, Egypt, Burkina Faso, Djibouti, Gambia, Mauritania, Uzbekistan, Iran, Guinea and Cameroon. Additional assistance was allocated to Muslim communities in Argentina, Brazil, Ethiopia, Georgia, Paraguay and Ukraine.