VOL. XXXI

NO. 23

14-MARCH-1988

Financial and Banking News

AID FLOWS

AMF Lends Jordan $8mn

The Arab Monetary Fund (AMF) has agreed to lend Jordan AAD1.96mn ($8mn) undera program to facilitate inter-Arab trade, according to an agreement signed on 7March. The loan is repayable in four years, including a grace period of 30months, and carries an annual interest rate ranging between 4.95% and 5.85