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FinancialNews
20-03-17
Jordan to receive loan of USD56mn from Arab Monetary Fund
(MENAFN) The Arab Monetary Fund inked a deal in which the Hashemite kingdom of Jordan will get a loan of JOD13.4mn, equivalent to USD56mn.
Furthermore, the loan comes in line with the kingdom's economic reform efforts to face challenges in light of local developments, mainly the crisis in Iraq and Syria.
In addition, the Fund is at the forefront of development partners of Jordan due to its role in helping the economic and fiscal reform programs adopted by the kingdom.
Meanwhile, the Fund's portfolio in Jordan stands at twenty-two loans reaching USD800mn, while Jordan benefited from periodic trade promotion initiatives.
MENAFN2003201700450000ID1095328581
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