In the context of the new ordinary loan of approximately USD 51 Million, extended by The Arab Monetary Fund (AMF) to the Hashemite Kingdom of Jordan

The disbursement of the loan has been processed through “Buna” Payment platform, which facilitates cross-border payments in multiple currencies.

Abu Dhabi, 26 May 2023: The Arab Monetary Fund (AMF) extended a new ordinary loan to the Hashemite Kingdom of Jordan, with an amount of Arab Accounting Dinar 12.79 million, the equivalent of approximately USD 51 million to support the economic reforms implemented by the kingdom. The disbursement of the loan was processed through “Buna”, the cross-border payment system operated by Arab Regional Payments Clearing and Settlement Organization “ARPCSO”, owned by The Arab Monetary Fund “AMF.” It cements its position as a reliable partner for central banks and financial institutions. 

 

The Arab Monetary Fund (AMF) extends a new Ordinary Loan to the Hashemite Kingdom of Jordan

The Arab Monetary Fund (AMF) extends a new Ordinary Loan to the Hashemite Kingdom of Jordan, with an amount of Arab Accounting Dinar 12.79 million, the equivalent of approximately USD 51 million, to support the economic reforms implemented by the Kingdom
The AMF has completed the linking of Central Bank of Jordan to “Buna Platform”, which the AMF launched to support regional financial integration and encourage inter-Arab trade and investments

The Arab Monetary Fund (AMF) extended a new Ordinary Loan to the Hashemite Kingdom of Jordan, with the amount of Arab Accounting Dinar 12.79 million, the equivalent of approximately USD 51 million. The loan agreement was signed on Monday, May 15, 2023, by H.E. Dr. Mohammad Al-Ississ, Minister of Finance, on behalf of Hashemite Kingdom of Jordan, and H.E. Dr. Abdulrahman A. Al Hamidy, Director General Chairman of the Board of Executive Directors of the AMF, on behalf of the AMF, with the aim to avail financial resources to support the country’s financial position and its efforts to implement economic and financial reforms.