VOL. XXX

NO. 24

23-MARCH-1987

Financial and Banking News

AID FLOWS

IBRD Lends Jordan's Potash Industry $12mn

The World Bank has agreed to lend the Jordan-based Arab Potash Company (APC)$12mn to improve its existing production facilities and to finance a researchand development program to assess the ultimate potential of these facilities.The project includes a financial rehabilitation plan, currently underimplementation, which aims at compensating for past losses, strengthen APC'scapital structure,...