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Jordan to get $300m loan from World Bank
- Jordan: Tuesday, September 08 - 2009 at 11:42
The World Bank plans to give Jordan a $300m loan by the end of the year to help offset the country's budget deficit, the Jordan Times has reported. The kingdom 'will have a long grace period as well as low interest rates associated with the long-term loan', the kingdom's minister of finance has said. Jordan's budget deficit for the first seven months of 2009 had reached JD640m ($902m) compared with JD90m during the same period last year.
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StaffTuesday, September 08 - 2009 at 11:42 UAE local time (GMT+4)
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