Saudi Development Fund, Jordan Co-sign Rescheduling Debt worth $114 million

  • 2/5/2023
  • 09:30
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Amman, December 16, 2018 -- Jordanian government and the Saudi Fund for Development co-signed an agreement here today, under which the fund will reschedule a number of loans owed by the Jordanian government, worth $114 million. The agreement, which was co-signed by the Jordanian Minister of Finance Dr. Ezzeddine Kanakaria and the Kingdom's Deputy Chairman and Managing Director of the fund Dr. Khalid bin Suleiman Al Khudairi, aims at helping Jordan to ease the burden of public debt servicing. This move comes as the Kingdom of Saudi Arabia seeks to support Jordan and help it to overcome the current economic crisis. -- SPA 17:37 LOCAL TIME 14:37 GMT 0014 www.spa.gov.sa/w806565

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