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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Jordan borrow from the World Bank $ 250 million

    Rocky
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    • Post n°1

    Jordan borrow from the World Bank $ 250 million Empty Jordan borrow from the World Bank $ 250 million

    Post by Rocky Mon 12 Dec 2016, 1:56 am

    [size=30]Jordan borrow from the World Bank $ 250 million[/size]
    12/12/2016 10:12 | Number of Views: 1
    font size:  Jordan borrow from the World Bank $ 250 million Font_decrease  Jordan borrow from the World Bank $ 250 million Font_enlarge
    Jordan borrow from the World Bank $ 250 million Thumbnail.php?file=20130509_112908101605638_734415132
    Direction Press / Agencies 
     
    Jordan and the World Bank signed a soft loan "loan second programmatic development of the reforms of the sectors of water, energy policy," a $ 250 million agreement.
    The aim of the loan, which will be directed to support the current year budget to improve the financial capacity and gains in efficiency as a result of working in the energy and water sectors in Jordan.


    The Department of the loan to the two main axes, the first aims to improve the financial viability of the water and electricity sectors, and the second aims to increase the gains as a result of the efficiency of the work in the water and energy sectors, as this loan is the second in a component of two consecutive program (where it was the first loan signing in October of 2015 a month, and also $ 250 million, were fully valued exchange rate at the time). 
    According to Minister of Planning and International Cooperation Imad Najeeb Fakhoury, the advantage of the loan financing on his own terms is very soft, according to IDA terms and conditions that are usually not available to Jordan, and customized very poor countries, and will repay the loan over 35 years.


    He explained that the program will provide $ 250 million spent on a single payment, it is expected disbursement and transfer the entire amount to the Treasury by the end of this year, to contribute to cover the financing gap for the budget.
    Among Fakhouri it has been providing this funding as follows: $ 225 million loan from the International Bank for Reconstruction and Development, and $ 25 million grant through concessional financing mechanism (Concessional Financing Facility - CFF), which was launched in response to the request of Jordan in the spring of 2015, so as to reduce interest loan to become close to the conditions offered by the IDA rate, this means that the interest rate will be caused in the range of 1.25%, a ceiling higher.


    http://aletejahtv.org/permalink/141309.html
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