Islamic Development Bank Okays $4.1 Billion for 2011, SPA Says

The board of the Islamic Development Bank, a Saudi Arabia-based multilateral lender, approved earmarking $4.1 billion for expected operations in fiscal 2011, the Saudi Press Agency reported, citing the bank.

To contact the reporter on this story: Mourad Haroutunian in Riyadh at mharoutunian@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net

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