Saudi Fund for Development and IDB extend credit facilities to Sudan, Seychelles

April 8, 2008

The Saudi Fund for Development (SFD) and the Jeddah-based Islamic Development Bank (IDB) have signed credit facility agreements with Sudan and the Seychelles.

Sudan will receive $22 million and the Seychelles $5 million to finance the export of agricultural and industrial equipment as well as petroleum derivatives.

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