Financial and Banking News

AID FLOWS

IBRD/IDA Lend $73.7mn to Jordan and North Yemen

The World Bank and its concessionary lending agency, the International Development Association (IDA), have agreed to lend $73.7mn to Jordan and North Yemen, according to a statement issued on 22 May. Jordan will receive $50mn from the IBRD to help finance a program to improve water supply and sewerage services. The project is expected to be completed by the end of 1991 at an overall cost of $96.39mn. The...