NO. 9


Financial and Banking News

Aid Flows

Jordan Gets Subsidized AMF Deposit from Gulf States

Five Gulf states have agreed to deposit $300mn with the Arab Monetary Fund (AMF)in Abu Dhabi for the account of Jordan against equivalent JD-denominateddeposits opened in their favor with the Central Bank of Jordan. Jordan will paythe depositors - Saudi Arabia, Kuwait, the UAE, Oman and Qatar - at commercialrates of interest less a two percent margin, which represents a...