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Development bank approves loan to Madaba Municipality

By Petra - Feb 16,2013 - Last updated at Feb 16,2013

AMMAN — The Cities and Villages Development Bank on Saturday approved a JD50,000 loan to Madaba Municipality and rejected loan requests from other financially troubled municipal councils.

The loan requests worth JD614,000 were submitted by Muath Bin Jabal and Taybeh municipalities in Irbid Governorate and Kufranjah Municipality in Ajloun Governorate to implement road construction projects and cover their financial obligations to the Social Security Cooperation.

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