THE Islamic Development Bank (IDB) announced Sunday a $7.3-million (8.5-million-euro) loan to Chad for educational projects. The loan will finance the construction and development of schools and a French-Arab bilingual training scheme for school teachers, the Jeddah-based bank said in a statement. The new loan raises to 69 million dollars the total funds granted by the IDB to Chad. The IDB, an organ of the Organisation of the Islamic Conference, grants loans to Islamic countries with very low interest rates. – AFP