The Board was informed on the operations approved by the IDB President between the previous and present sessions, involving 5 trade operations in favor of member countries and one technical assistance operation for Suriname.

The Board also approved US$ 25 million for the International Fund for Energy Project, US$ 25 million for Communication, Information and Technology Fund, and US$ 20 million for participation in the equity of FORAS Investment Company.

Details of project financing and trade operations approved by the Board are as follows:

DEVELOPMENT PROJECTS :

 US$ 8.5 million Loan Financing for the Djibouti Urban Poverty Reduction Program (DUPREP) Djibouti.
 US$ 7.5 million Loan Financing for the Djibouti-Loyada Road Project , Djibouti.
 US$ 290,000 T.A. Financing for the Water Dams Project, Djibouti.
 US$ 34.44 million Installment Sale for Upgrading of University of Science, Malaysia (USM) Malaysia.
 US$ 50 million for Extension of Line of Financing to Kazkommertsbank in Kazakhstan, Kazakhstan.
 US$ 10.8 million Loan/T.A. Grant for the Higher Education Support Project, Chad.
 US$ 63.5 million Istisna’a Financing for the Construction of Singrobo-Yamoussokourou Highway Project-(Phase-3),Cote d’Ivoire.
 US$ 3.9 million Additional Loan Financing for the Nouakchott Power Plant Expansion Project ,Mauritania.
 US$ 460.000 TA Grant for Health Sector in Comoros, Comoros

GRANTS FROM THE WAQF FUND :

 US$ US$ 150,000 for the Expansion of English Medium Secondary School Building and a Hostel in Al-Hamra Public School at Palsa Town Birbhum District, West Bengal State, India.
 US$ 290,000 for the Construction of Phase-I of Abba Jifar School, Jimma Town, Oromiya Region, Ethiopia.
 US$ 500,000 for the Construction of an Islamic School in Grozny, Republic of Chechnya, Russian Federation.
 US$ 365,000 for the Construction of Annoor Academy, Knoxville, Tennessee, USA.

APPROVALS BY THE PRESIDENT
The following are approvals of Trade Operations and Technical Assistance made by the President of the Bank between the previous and present sessions of the Board:

Import Trade Financing Operations (ITFO):

 Trade Co-Financing Operation for the People’s Republic of Bangladesh in favor of the Ministry of Power, Energy and Mineral Resources for US$ 50.00 million to purchase Crude Oil and Petroleum Products.
 Murabaha Financing Operation for the Hashemite Kingdom of Jordan in favor of Union Bank, Jordan, for US$ 4.5 million to purchase Raw Materials for Consumer Goods.
 Murabaha Financing Operation for Arab Republic of Egypt in favor of Housing & Development Bank, Egypt, for US$ 5.00 million to purchase Raw Materials for Consumer Goods.
 Trade Co-Financing Operation for the Saudi Arabia in favor of SAAD Trading, Contracting and Financial Services Company for US$ 25.00 million to purchase Construction Materials, Furniture, Fittings & Equipment.
 Trade Financing Operation for the Republic of Turkey in favor of SIS SAYILGAN IPLIK, TEKSTIL, TURIZM, INSAAT SAN. VE TIC. A.S. for US$ 6.5 million to purchase Raw Materials and Spare Parts for Textile Production.

TECHNICAL ASSISTANCE OPERATIONS AND OTHER PROJECTS

 US$ 203,000 Technical Assistance Grant for the Feasibility Study of WANICA Water Supply System, Suriname.
 US$ 6.3 million Istisna'a Financing for the Aqaba Coastal Highway Project, Jordan