No. 13



Jordan To Receive $1Bn Loan From World Bank

The World Bank Vice-President for the Middle East and NorthAfrica, Mr. Kamal Darwish, has said that Jordan will receive a $1bn loan to proceed withthe next 5-year phase of its IMF economic reform program. According to the Arabic dailyal-Hayat, the 20-year loan carries an annual interest of 7.6% with a 5-year grace period.The loan will be advanced in two stages of which the first stage will finance investment...