The World Bank is to offer a low interest, long-term $70 million loan to Jordan to help finance micro-projects and SME's.
Jordan Times reports the deal was signed 16 April by Minister of Planning and International Cooperation Jafar Hassan and Ferid Belhaj, the World Bank's country director for Lebanon, Syria, Jordan, Iran and Iraq.
The Amman-based daily said the 30-year loan has a five year grace period with an interest rate of 1.45 per cent. The funds will be administered by the Central Bank of Jordan and distributed via the country’s commercial banks.
