BANKING - IDB joins hands with AfDB to boost development (Bank Asya)

IDB Group President Ahmad Muhammed Ali.

By MUSHTAK PARKER | ARAB NEWS

Published: Dec 26, 2010 23:50 Updated: Dec 26, 2010 23:50 

The signing last week in Jeddah of a memorandum of understanding (MoU) between the Islamic Development Bank (IDB) and the African Development Bank (AfDB) to cooperate in co-investment in projects in member countries mutual to both multilateral development banks (MDBs) is long overdue.