Islamic Corporation for the Development of the Private Sector said it had halted plans for a $1 billion fund with International Leasing and Financial Services Limited (DSE:ILFSL) while the firm undergoes a restructuring. "After a careful review of the recent development on IL&FS, we have decided to put this project on hold," ICD, said in a statement emailed to Reuters. "However, financing infrastructure in Africa is a priority for ICD and we will continue to work with our partners to find effective solutions to achieve this important objective," the statement said.