VOL. XXXVI

NO. 12

21-DECEMBER-1992

Financial and Banking News

LOANS

Jordan Gets Soft Loan from Italy

Italy and Jordan signed a soft loan agreement in Amman on 13 December worthLire46bn ($32.8mn). The money will be used by Jordan to purchase Italianindustrial products. The terms of the loan include a 12.5-year grace period, andrepayment in the form of 36 installments at an interest rate of 1% per year. Astatement from the Italian Embassy said the loan will benefit Jordaniancompanies importing...