News dalla rete ITA

29 Maggio 2019

Giordania

JORDAN TO RECEIVE $950M FROM WORLD BANK LOAN IN JUNE

Jordan is expected to receive next month $950 million out of a $1.4 billion loan from the World Bank. According to Jordanian officials, the loan’s interest rate will be less than 4 per cent. In February, Kristalina Georgieva, interim president of the World Bank Group and chief executive officer of the World Bank, told that the bank would provide $1.9 billion in financial support to Jordan over the next two years, almost as much as it has provided to the country over the last five years. On the sidelines of the London initiative, which was hosted by the UK in February to drum up international support for Jordan, Georgieva said that the assistance package includes a development policy loan for Jordan that would reach approximately $1 billion, in addition to two loan guarantees; a $200-million one from Saudi Arabia and another from the UK of $250 million. Meanwhile, the government will hold negotiations with Saudi Arabia and the United Arab Emirates to convert two deposits at the Central Bank of Jordan (CBJ) into soft loans. Each of the Gulf countries has deposited a sum of $333 million at the CBJ, amounting to a total of $666 million, as part of a support package pledged during the Mecca summit last year. The attempt to exchange the deposits with loans is part of governmental efforts to mitigate foreign public debt by paying off high-interest loans with ones at lower rates. (ICE AMMAN)


Fonte notizia: jordan times