Financial and Banking News
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...