The Arab Monetary Fund on Sunday announced a loan of $20 million to Jordan to help it carry out monetary and banking reforms.
AMF director general Jassem Al Mannai and Jordan's central bank governor Umayya Tukan signed the loan agreement at the fund's headquarters in Abu Dhabi, the fund said in a statement.
The terms were not disclosed, but the Arab League generally offers soft loans to help member states with balance of payments problems and to stabilize exchange rates.
Jordan has now received a total of $178 million in AMF loans since the fund was set up in 1977 -- ABU DHABI (AFP)
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