Financial and Banking News


IBRD and IDA Lend $41mn to Jordan and Somalia 

The World Bank (IBRD) and its soft-loan agency, the International Development Association (IDA), have agreed to extend two loans worth a total of $40.6mn to Jordan and Somalia, according to an announcement on 11 January. Jordan will receive $30mn from the IBRD to part-finance a project to expand water supply and sewerage services in greater Amman. The project is expected to be completed by 1989 at a...