Committed to PEOPLE'S RIGHT TO KNOW Vol. 5 Num 598 Thu. February 02, 2006       Letters to Editor IDB loan Mohd. Masud Rana Islamic Development Bank, Jeddah Saudi Arabia The news item published in a Bangla daily on 25th January 2006 drew my attention. The report was on the interest rate of Islamic Development Bank (IDB)'. From our point of view, IDB's loan is not only low interest, its terms and conditions are trouble-free and straightforward. Its hardest condition is to utilise the money without any corruption. IDB is eager to offer Bangladesh (BD) this sort of soft loan of more than Tk five thousand crore yearly. On 24/01/06, FBCCI in a seminar hosted by IDB in Dhaka Sheraton Hotel complained that two public sector banks have been assigned to distribute the IDB funds, since IDB has no branch in Bangladesh. These banks do not disclose the benefits and opportunities of IDB and discourage people showing interest about IDB. IDB wants to open its branch in BD but without a significant amount of loan it could not be done.