AMMAN — The
World Bank recently
released a report indicating that the project entitled “Economic Opportunities
for Jordanians and
Syrian Refugees,” which it has funded on a loan basis since
2016, is progressing to a somewhat acceptable degree while moving
satisfactorily towards the project's development goal, according to Al-Ghad
News.
اضافة اعلان
The World Bank funded the project in September
2016 with $300 million to help Jordan enhance the investment climate, attract
investors, reform the labor market, and allow the Syrian labor force to
contribute to Jordan's economic growth. In 2020, the World Bank injected around
$100 million more into the Kingdom.
The project was set to conclude in 2021, yet
the deadline was postponed until 2023 due to the additional funding.
The project aims to facilitate trade,
encourage investment, especially in existing special economic zones, and foster
entrepreneurship activities for Jordanians and Syrians.
The Bank's report confirmed that the project is
making good progress in accessing employment through the new work permits
system and expanding access to digital finance through e-wallets.
The report also said that efforts were under
way to improve social security coverage, noting that further action was needed
on the entrepreneurship agenda, including work-from-home and for the electronic
licensing of childcare facilities.
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