(MENAFN- Kuwait News Agency (KUNA)) The Saudi Fund for Development transferred a USD 250 million deposit to the Central Bank of Jordan (CBJ) on Wednesday as part of the framework financial grant of the Gulf Cooperation Council (GCC) to support development projects in Jordan, CBJ announced on Wednesday.
In a statement, the central bank mentioned that the deposit will appear in its accounts on Thursday, and that it would be used to finance development projects under a USD 5 billion fund that the Gulf Cooperation Council (GCC), including Kuwait, Saudi Arabia, Qatar and the United Arab Emirates, has set to support Jordan.
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