Jeddah, Kingdom of Saudi Arabia, 10 December 2022 – The Board of Executive Directors of the AAA-rated Jeddah-headquartered Islamic Development Bank (IsDB) today approved US$ 363.6 million to finance new development projects in eleven member countries. At its 348th meeting held on 10 December, the Board also approved the Bank's Integrated Work Program 2023-2025 and Budget 2023 and the markup rate applicable from 1 January 2023 to 30 June 2023 for OCR Sovereign Projects' Financing. Chaired by IsDB P…