Jordan signs two economic agreements and a memorandum

An agreement was signed yesterday between Jordan and Italy to reschedule the repayment of $14.1 million. The rescheduling agreement came in implementation of an agreement signed last year between Jordan and members of the Paris Club.

The rescheduling agreement covers bilateral and export loans. The export loan, totaling $10 million, the debt will be paid in 30 installments on a semiannual basis. The bilateral part of the loan totaling $5.1 million will be paid in 20 installments, also on a semiannual basis.

The agreement was signed by Jordanian Minister of Finance Suleiman al-Hafez and Italian ambassador.

The USA and Jordan signed an agreement to grant Jordan an additional loan of $3 million to purchase 20,000 tons of wheat.

The agreement was signed by Hafez and the US ambassador to Jordan, Wesley Eagen.

Earlier last month the two countries signed an agreement for a $15 million soft loan to purchase 100,000 tons of US wheat.

Jordan and the UK signed an memorandum of understanding to grant an additional JD 50,000 for a livestock project .

The project, part of Badiya Research and Development Program, BRDP, is run by the UK's Department for International Development, and it aims at promoting the adoption of Badiya farms of flock management method and would have been increased life stock productivity.

In cooperation with Jordan's Ministry of Agriculture, a technical training center will be set up at the BRDP headquarters in Safawi, Jordan.

The memorandum was signed by Minister of Public Work and Housing acting Planning Minister Naser al-Lawzi and British ambassador to Jordan Mr. Christopher.