Jordan inks $250m loan agreement with World Bank

April 12, 2014 1:19 am

Jordan has signed a $250m loan agreement with the World Bank Group (WBG) aimed to help alleviate the kingdom’s fiscal strains and enhance its economic growth, Jordan Times has reported. The Development Policy Loan is of a 30-year maturity period with a grace period of five years and a low interest rate below 1%.