IMF set to approve $264m loan for Jordan in April | IMF set to approve $264m loan for Jordan in April -
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IMF set to approve $264m loan for Jordan in April

: Monday, April 07 - 2014 @ 10:18

The International Monetary Fund (IMF) has announced its executive board is expected to approve the disbursement of $264m to Jordan late this month under a Stand-By Arrangement (SBA), Jordan Times has reported. The disbursement of the funds will be for the combined fourth and fifth tranches under the 36-month SBA worth $2bn, or 800% of Jordan’s quota at the IMF that was approved by the IMF’s executive board on August 3, 2012. The kingdom has so far received around $1.043bn under the agreement to support its economic reform programme.

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Monday, April 7- 2014 @ 10:18 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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