Mubasher: Kuwait Fund for Arab Economic Development (Kuwait Fund) has signed an agreement with the Jordanian government on Thursday to schedule debts valued at $300.7 million, Kuwait News Agency (KUNA) said.
This agreement aims at scheduling Jordan’s debts that have accumulated as a result of 17 loans, KUNA added.
The debts will be paid off during a 40-year period with a grace period of 15 years at a 1% interest, Jordan’s planning and international cooperation minister Ziad Obeidat said in a statement, according to KUNA.
