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AFESD Lends Jordan $19mn

Published on Mon, 15 Sep 1986 - Volume: 29 Issue: 49

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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