IDB lends Malaysia

Thu, 24 Dec 1998 | Source: AFP

IDB lends Malaysia

KUALA LUMPUR (AFP): The Islamic Development Bank has in principle approved a US$200 million loan to Malaysia, a report said on Wednesday.

Utusan Malaysia quoted the bank's regional director Mohammad Siddik as saying that the loan would be disbursed in the next few months once details of projects requiring the funding were submitted.

The bank has so far approved $25 million for the construction of six hospitals, the newspaper said.

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