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IDB Extends $ 46 Million to Gambia for New Development projects
Thursday, 28 October 2010 13:01
Press releaseJeddah - The Islamic Development Bank (IDB) has signed four agreements with the Republic of Gambia to finance new development projects totaling $46 Million.
The three projects include the approval of $16 Million for developing the University of Gambia, a $17 Million for infrastructure facilities, in addition
to two trade operations of $13 Million.The two financing project agreements were signed by Dr. Ahmad Mohamed Ali, the IDB President and Abdu Cooley, theIDB Governor for the Republic of Gambia who also signed the two trade financing agreements with Dr. Walid Al-Wehaib, CEO of the Islamic International Islamic Trade Corporation.
It is worth mentioning that the total financing of IDB Group in Gambia reached around $ 310 Million that included financing of projects in the area of agricultural, micro financing, infrastructure, education, and health as well as trade financing operations, according to the press release issued here.
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muhammed l hydara
or
sheriffo hydara
writting from Tanzania dar es salaam we are with you all the way missing nothing
we love you mr president
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Undoubtedly another fake show to dupe the IDB into loan agreements only to beef yaya jammeh’s wallet up for the forth coming election propagandas & other selfish endeavours financed from our state coffers; all costs shouldered by the Gambian peasants. Why can’t those giving these loans & grants realise they are solicited to indebt the tax payers whilst the heartless-fake-fluke cum-president squanders these funds unaccountably; & takes limitless kick-backs where he pretend to invest in clandestine ‘public projects’.
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