Financial and Banking News
EIB Lends Jordan $2.62mn
The European Investment Bank has agreed to lend Jordan ECU2.55mn ($2.62mn)for the improvement of the sewerage system in Zarqa. The loan is repayable over15 years at 5.3% annual interest, reflecting a 2% interest subsidy from the EECbudget. This brings to ECU 33.9mn ($34.9mn) the total funds lent by the EIB toJordan so far under the second EEC-Jordan Financial Protocol, which provides fora total of ECU37mn...