Financial and Banking News

AID FLOWS

West Germany Lends Jordan $11mn 

The West German Government has agreed to provide Jordan with DM35mn ($7.7mn) in soft loans and DM15mn ($3.3mn) in technical assistance, according to an agreement signed on 12 June. The loans will part-finance the second stage of the thermoelectric power station at 'Aqaba and the modernization program at King Husain Hospital in Amman, while the technical assistance program will aid agricultural projects at...