HomeIndustry SectorsFinance and PolicyIDB to finance new projects

IDB to finance new projects

11 April 2008 – The Board of Executive Directors of the Islamic Development Bank (IDB), has approved financing for a development project in Guinea to the value of US$11.8 million.

DistributionThe financing is for rehabilitaton and extension to the Conakry electricity grid distribution project.

Additional funding was provided for financing the instalment sale for the construction of the Kandadji dam project in Niger, to the value of US$50 million.