Financial and Banking News

AID FLOWS

AFESD Lends $22mn to Jordan and Tunisia 

The Arab Fund for Economic and Social Development (AFESD) has agreed to lend KD6.83mn ($22.14mn) to Jordan and Tunisia. Jordan will receive two loans worth KD6.45mn ($20.92mn) to finance an irrigation project and to improve weather and seismological recording methods. Tunisia will receive KD375,000 ($1.22mn), also for the improvement of weather and seismological recording methods.

AFESD will also extend a...