Financial and Banking News
EEC Loan for Meat Production in Jordan
The European Investment Bank (EIB) has agreed to lend Jordan's CooperativeOrganization ECU3.1mn ($3.5mn) to partly finance the construction of fivesheep-fattening units. The project is to be completed by 1989 at a total cost ofECU6.2mn and will increase Jordan's meat production by 5%. The loan is repayablein 17 years at a 5.4% interest rate with an additional 2% of the interest rateto be paid by...