Financial and Banking News


IBRD Lends Jordan $27.5mn 

The World Bank has agreed to lend Jordan $27.5mn to help improve and expand the country's electricity system, according to a statement issued on 5 June. The $71.6mn project, which is geared towards strengthening the power sector through introducing new technologies, reducing system losses, and improving the management and operation of power entities, is being co-financed by the Jordanian Electric Power Company...