Islamic Development Bank signs $16 million facilities with Sudan                     

The Islamic Development Bank (IDB) said it had signed four agreements with Sudan worth $16 million to finance water projects and research in the African country. 

A bank statement said that the total amount of financial facilities raised by the bank for Sudan reached $335 million.  Based in the Red Sea coast city of Jeddah in Saudi Arabia, IDB was set up in 1975 to promote trade among Islamic states.