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Jordan increases ATFP loan by $20 million.

Jordan on Wednesday signed a $20 million extension credit line agreement to increase a previous loan by the Arab Monetary Fund AMF to the Kingdom to $70 million.

Minister of Finance Mohammad Abu Hammour told Petra after signing the deal with President of the AMF, Jassem al-Manaai, that the Kingdom has secured a further $20 million to its previous $50 million loan through the AMF Arab Trade Financing Program ATFP.

The ATFP has made big contributions to the intra-Arab trade, Abu Hammour noted, adding that the Kingdom had signed 49 deals through the program.

He said the ATFP had helped to boost pan-Arab trade exchange and accelerate Arab economic integration through its service and financial facilities.

Al-Manaai said the AMF had granted the Kingdom a total of $457 million through its programs to push the development process forward and achieve broader economic rebound.

The Arab Trade Financing Program (ATFP) is a specialized multi Arab financial institution with a mission to contribute to the development of Arab trade and to the increase of the competitive capabilities of the Arab producers and exporters.

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Publication:Jordan News Agency (Petra)
Date:Feb 10, 2010
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