EBRD to provide $130m to establish higher council for food security

(File photo: Ameer Khalifeh/Jordan News)
AMMAN — The European Bank for Reconstruction and Development (EBRD) said it will provide $130 million to Jordan to establish a higher council for food security, according to Al-Mamlaka TV.اضافة اعلان

A recent report had said that a higher council for food security was to be established to manage food supply crises in Jordan, “to be partially funded through a $130 million loan from the EBRD”.

The EBRD indicated that Jordan gives “priority” to enhancing food security, in line with its national strategy for food security, which was launched on September 2021. The Kingdom relies heavily on food imports; it buys more than 95 percent of its need of grains, for example.

The new strategy identifies key interventions to address food security, and reach and enhance food stability, and the initial investment of $480 million will reduce vulnerability to supply shocks in the short term.

This investment meets the urgent domestic needs for wheat and barley, using the maximum current actual storage capacity in the country.

A second investment of $20 million will ensure food security, and help mitigate the rising cost of commodities, as $15 million was committed to expanding the storage capacity.

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