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Article: OPIC ANNOUNCES $250 MILLION TO EXPAND MORTGAGE LENDING IN JORDAN
- Article from:
- US Fed News Service, Including US State News
- Article date:
- July 29, 2008
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The Overseas Private Investment Corp. issued the following press release:
Robert Mosbacher, Jr., President and CEO of the Overseas Private Investment Corporation (OPIC) today announced up to $250 million in financing for new OPIC loan facilities that will enable three banks to extend long-term mortgage lending to low-income households in Jordan, helping the country fulfill its national housing initiative.
Jordanian Minister of Public Works and Housing, Sahl Majali, hosted a signing ceremony at the Ministry. At the ceremony, President Mosbacher was joined by Mr. Michel Accad, CEO of Arab Bank, Mr. Shukri Bishara, CEO of the Housing Bank for Trade and Finance, Khaled Masri, Chairman of Cairo ...