Bloomberg News

Islamic Bank Lends Mali 11.3 Million Euros for Roads, Housing

October 13, 2011

Oct. 13 (Bloomberg) -- The Islamic Development Bank will lend Mali 11.3 million euros ($15.5 million) for projects including road drainage and improving drinking-water supplies, the West African nation’s government said.

The loan from the Jeddah, Saudi Arabia-based bank includes about 8 million euros to build nearly 1,500 housing units in Bamako, the capital, according to the administration’s statement e-mailed yesterday.

--Editors: Emily Bowers, Karl Maier.

To contact the reporter on this story: Diakaridia Dembele in Bamako via Accra at ebowers1@bloomberg.net.

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net


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