Financial and Banking News
AID FLOWS
AFESD Lends Jordan $19mn
The Arab Fund for Economic and Social Development (AFESD) has agreed to lend Jordan RD5.6mn ($19.1mn) to part-finance the construction of the north-south Zara-Ghor Haditha highway, according to an agreement signed on 7 September. The loan is repayable over 20 years, including a five-year grace period, and carries a 6% annual interest.
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