VOL. XXXI

NO. 18

8-FEBRUARY-1988

Financial and Banking News

AID FLOWS

IBRD Lends Jordan $31mn to Expand Phosphate Production

The World Bank has agreed to lend Jordan $31mn to help expand a newphosphate mine at Shidiya, 120 kms. north of the port of 'Aqaba. The JordanPhosphate Mines Company will finance the remaining $58mn of the project costthrough an export credit.