AMMAN: Jordan’s state news agency Petra reports that the Government has given the go-ahead for the signing of a $3-billion soft loan framework agreement with Islamic Development Bank subsidiary the International Islamic Trade Finance Corporation (ITFC) that will assist in the financing of imported basic goods and commodities.
The decision to sign the agreement was taken during a cabinet meeting chaired by Jordan’s Prime Minister Abdullah Ensour. As soft loans, the funding will be available on request for the next three years.
The International Islamic Trade Finance Corporation is an autonomous entity within the Islamic Development Bank Group created with the purpose of advancing trade to improve the economic condition and livelihood of people across the Islamic world. As a leader in Shari’ah-compliant trade finance, ITFC deploys funds to businesses and governments in its member countries to encourage intra-trade among OIC member countries.
