Islamic Development Bank Grants $ 50 Million to Palestine

The Islamic Development bank (IDB) is to grant the Palestinian treasury $50 million. IDB has already transferred $10 million.
The bank had given the Palestinians $ 45 million in September, part of the Arab support for the Intifada.

The IDB runs two Arab funds of $ 1 billion for Palestinian support. The funds were created in October 2000 at the Cairo Arab summit.