Global Arab Network | Mauritania and Saudi-based Islamic Development Bank Sign Loan Agreements

Translate this article to your language:

GANPublications

e-Publications

Add Site to Favorites

Add Page to Favorites

Make Homepage

Share This Page

RSS Feed

--------------------------------------------------------------------------------------------------------------------
| |

Mauritania and Saudi-based Islamic Development Bank Sign $58 Loan Agreements

Global Arab Network - - Rabih Serrai

Saturday, 16 October 2010 19:16

Saudi Arabia (Jeddah) - Mauritania today won two new loans worth $58 million from the Jeddah-based Islamic Development Bank (IDB).

Mauritania's Minister of Economic Affairs Wild Al-Tah Basem signed the two loan agreements for his government while Rami Ahmed, Director of Operations Department at IDB, signed for his financial institution.

The first loan was appropriated to finance potable water project at Eastern Aftoot region while the other loan was allocated to finance Tajkaja-Keefat-Silbani 83-km long strategic road that links the two cities of Keefat and Kenkosa with the central region of the country.

Thanking IDB for this support, the Minister said the finance would enable Mauritania to implement two important developmental projects.
(SAP)

Global Arab Network

< Prev		Next >

Add comment

The opinions of the authors in articles published are theirs alone and do not necessarily reflect the views of Global Arab Network
------------------------------------------------------------------------------
Published comments are the opinions of private individuals and do not reflect the views of Global Arab Network