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Wednesday / October 17.

Saudi-based IDB plans infrastructure funds for Africa and Asia


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Reuters
article author: 
ID: 
1539244053065113500
Thu, 2018-10-11 07:43

NUSA DUA, Indonesia: The Saudi-based Islamic Development Bank (IDB) plans to launch two funds focused on Africa and Asia next year, aiming to raise a combined $1 billion to help fill a gap in infrastructure investment among its member countries.
The plans from the IDB, the largest development organization in the Muslim world, follow the launch of a $500 million technology-focused fund in April of this year.

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