VOL. XXXII

NO.34

29-MAY-1989

Financial and Banking News

AID FLOWS

AMF Lends $21mn to Jordan

The Arab Monetary Fund (AMF) agreed on 3 May to lend Jordan AAD5.32mn($20.6mn) to support the latter's balance of payments deficit. The loan isrepayable over five years and carries an annual interest rate of 5.75%.