2001 News Story

Finance minister praises IDB's accomplishments

Minister of Finance and National Economy Dr. Ibrahim Al-Assaf, addressing the 26th board meeting of the Islamic Development Bank (IDB) in Algiers, praised the bank's distinguished accomplishments in enhancing cooperation among Islamic countries in the area of economics, commerce and investment. He reaffirmed the Kingdom's continued support for such joint Islamic action, citing the proposal of Deputy Prime Minister and Commander of the National Guard Crown Prince Abdullah bin Abdulaziz at the Islamic Summit in Qatar last year concerning increasing IDB's capital. This increase, from 6 to 15 billion Islamic Dinars, was approved at the present meeting.