Financial and Banking News

AID FLOWS

IBRD and IDA Lend $45mn to Jordan and Sudan 

The World Bank has provided a $15mn line of credit to the Jordanian Cities and Villages Development Bank (CVDS) to be re-lent for infrastructural projects in the country's outer regions. Other financing will be provided by CVDS ($18.2mn) and the Government of Jordan ($'300,000). The World Bank's soft loan affiliate, the International Development Association (IDA), has provided an SDR30.3mn...