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18 Sep 2012 description

Jeddah, 13.09.2012 – At its 285th meeting that started last Sunday at IDB headquarters in Jeddah, the Board of Executive Directors of the Islamic Development Bank (IDB) chaired by HE Dr. Ahmad Mohamed Ali, President, IDB Group, approved around US$ 425 million to finance development projects in member countries and for Muslim communities in non-member countries.

13 Aug 2012 description

According to a recent study by the IDB, the world is expected to witness continued fluctuation in food commodity prices for a few more years to come. The study cautions that the impact of hunger as a result of the global price fluctuations is likely to undermine the development process in its developing and least developed member countries.