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Jordanian SMEs benefitted from World Bank’s loan

March 11, 2014 2:58 am

Jordan’s central bank has said over 800 small- and medium-sized companies have benefited from the first payment of the World Bank’s loan, valued at $48m and presented to banks through the apex lender at a competitive interest rate, Jordan Times has reported. The bank recently announced the referral of the second payment of the loan, totalling $13m, to banks and signing of loan agreement with the Arab Fund for Economic and Social Development, under which $50m will go to support small-and medium-sized companies during the upcoming few months.