No. 27



AFESD Loan Agreement Signed With Jordan

On 30 June, Jordanian Planning Minister Rima Khalaf signed an agreement for a KD15mn($48.9mn) loan from the Arab Fund for Economic and Social Development (AFESD) during avisit to Kuwait. The loan has an annual interest rate of 4.5 percent, a maturity of 22years and a six-year grace period. Jordan now holds a total of KD276.15mn ($899.5mn) fromAFESD. The loan will be used to help finance the educational unit at the King...