ID :
89998
Tue, 11/17/2009 - 00:50
Auther :
Shortlink :
https://www.oananews.org//node/89998
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IDB, FAO sign $1 Billion deal for poor nations 2 ROME
The Jeddah-based Islamic bank announced its food initiative during a meeting of its
board of governors in Jeddah in June 2008.
Twenty-six least developed Muslim countries including Afghanistan, Bangladesh,
Palestinian Authority, Senegal, Sudan and Yemen are to benefit from the program.
The IDB initiative is significant as many Muslim countries, especially those in
Africa, have been hit by an unprecedented food crisis as a result of growing
commodity prices including rice and other foodstuff.
Under the five-year initiative IDB would give soft loans to member countries to
increase their agricultural production and make adequate stock of food grains.
--SPA
board of governors in Jeddah in June 2008.
Twenty-six least developed Muslim countries including Afghanistan, Bangladesh,
Palestinian Authority, Senegal, Sudan and Yemen are to benefit from the program.
The IDB initiative is significant as many Muslim countries, especially those in
Africa, have been hit by an unprecedented food crisis as a result of growing
commodity prices including rice and other foodstuff.
Under the five-year initiative IDB would give soft loans to member countries to
increase their agricultural production and make adequate stock of food grains.
--SPA
