Financial and Banking News
LOANS AND ISSUES
Inter-Arab Trade Fund Established with AMF support
An inter-Arab trade fund worth $375mn - to be increased to $500mn in thefuture was launched under the aegis of the Arab Monetary Fund (AMF) at aconference in Amman on 26 March. The purpose of the fund is to provide tradefinance at a fixed spread of 0.5% over Libor covering trade in Arab productswithin the Arab world. The AMP itself has provided up to $250mn for the Fund,...