Mubasher: Jordan’s Finance Minister Omar Zuhair Malhas signed a $42 million loan agreement with Abdulrahman bin Abdullah Al-Hamidi, director general chairman of the Arab Monetary Fund (AMF) board, according to a recent statement.
The new loan aims to help the Jordanian government with its balance of payments deficit, which worsened due to external factors including the slowdown in the global economic recovery, especially the European economy, which is the country’s main trading partner.
The AMF provided the Kingdom 21 loans valued at $751 million, added the statement.
The AMF also made available credit facilities through the Arab Trade Financing Programme to finance Jordan's foreign trade with a total value of more than $825 million.
Jordan benefits from trade promotion initiatives organized by the programme, bringing the total value of the AMF’s support to Jordan of about $1.6 billion.
