World Bank $70 million loan for SMEs in Jordan
Jordan Times reports the deal was signed 16 April by Minister of Planning and International Cooperation Jafar Hassan and Ferid Belhaj, the World Bank's country director for Lebanon, Syria, Jordan, Iran and Iraq.
The Amman-based daily said the 30-year loan has a five year grace period with an interest rate of 1.45 per cent. The funds will be administered by the Central Bank of Jordan and distributed via the country’s commercial banks.
- You don't need to be Muslim to practice? Why Goldman Sachs' sukuk sales worked so swell this around
- Erdogan's ready to smear the banks: is Turkey about to face a financial crisis worse than that of 2001?
- An economic slowdown? The pros and cons of Israel's weakening shekel
- A spectacle of $8 trillion and more: what's the MENA Investment Conference in London all about?
- An odd dynamic? Saudi using desert to emulate Chinese model and attract Chinese investors