A $5 billion railway plan to transform Jordan into a centre for regional trade and commerce received a major boost recently when the Islamic Development Bank (IDB) announced that it is in talks with global financial institutions to fund the mega-project. The I DB said last month that it was working with the World Bank and the European Investment Bank on the deal. Other sources have confirmed to media that the Agence Française de Développement, the Saudi Fund for Development, the Japan Bank for International Cooperation and Kfw (Germany’s state-owned development bank) also plan to participate. Read More
