Tehran, Asharq Al-Awsat – The Jeddah-based Islamic Development Bank (IDB) has approved loans of more than $ 280 million for Iran last year to help finance various developmental projects, announced The Iranian Ministry of Economy and Finance.
The ministry said the IDB has also approved another loan worth $ 74.2 million for Iran for the same purpose.
Additionally, the IDB has endorsed short-term facilities worth $ 209.4 million for the benefit of some Iranian companies, Reported the Iranian News Agency “IRNA”.