Jordan, Germany sign 50 million euro loan agreement to build public schools

Students in a school yard in an undated photo. (File photo: Ameer Khalifeh/Jordan News)
AMMAN — Jordan and Germany on Tuesday signed the first phase of a 50 million euro soft loan agreement, to be granted through the German Development Bank (KfW), to finance a project to build new public schools as part of the government economic priority program for 2021-2023, according to a Ministry of Planning and International Cooperation statement.اضافة اعلان

The project, to be implemented by the education and public works ministries, aims to improve educational infrastructure and the quality of elementary education in the Kingdom through building, expanding and preparing new public schools, said the statement. 

Minister Nasser Shraideh and Mark Schwiete, KfW country director Jordan, signed the agreement; present at the signing ceremony was German Ambassador to the Kingdom Bernhard Kampmann.

Shraideh expressed appreciation for the German assistance to the Kingdom, which has contributed to the implementation of several priority development projects, mainly in the water, education, and technical and vocational training sectors, as well as granting aid to help face the repercussions of the pandemic.

The minister said that this assistance reflects Germany’s understanding of the challenges facing the Jordanian economy and its readiness to stand by Jordan as a trusted partner through its commitment to providing financial and technical aid. 

At the annual Jordanian-German discussions on development cooperation for 2021, whose minutes were signed in October, the German government pledged to offer 483.69 million euro in new development assistance to Jordan.

The amount, comprising grants, technical aid and soft loans, will be disbursed to fund priority development projects in the education, water, sanitation, vocational training and technical education fields.

Kampmann stressed the “deep-rooted” ties with Jordan and expressed his country’s readiness to continue supporting the Kingdom, mainly in priority sectors, and to help Jordan overcome the repercussions of the Syrian crisis through several initiatives to empower host communities.

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