NO. 39


Financial and Banking News

Aid Flows

Jordan Gets $118Mn Loan From AFESD For 'Aqaba Power Plant Expansion

Jordanian officials announced on 18 June that Jordan will receive a loan of$118.2mn from the Kuwait-based Arab Fund for Economic and Social Development (AFESD)to part finance a $200mn expansion plan for the 'Aqaba power plant. The loanconsists of a KD25mn ($84.5mn) allocation for the expansion of the powerplant, plus a further KD10mn ($33.8mn) for upgrading high...