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Jordan to sign 130m-euro food security agreement with EIB

European Investment Bank EIB
(File photo: Jordan News)
AMMAN — Minister of Planning and International Cooperation Nasser Al-Shraideh said on Tuesday that the ministry will sign a new agreement with the European Investment Bank (EIB) to provide 130 million euros to enhance food security in Jordan in the coming weeks, according to Al-Mamlaka TV.اضافة اعلان

“This agreement builds on recent efforts by the government not only to enhance its purchases of the strategic commodities wheat and barley, but also to expand its capacity to store these commodities for a period of 24 months,” he said.

This and other agreements meant to enhance Jordan’s emergency food supply follow His Majesty King Abdullah’s directives to the government to strengthen the food security infrastructure in the country, to enable the government to provide strategic commodities, including wheat and barley, to citizens.

Jordan and the OPEC Fund for International Development signed a $100 million agreement also on Tuesday to finance the emergency food security project in Jordan as part of an integrated vision to continue providing liquidity to the general budget to finance the purchase of strategic goods.

This agreement is one of three others, the first of which was signed with the Islamic Development Bank Group last week and included the provision of a total of $200 million.

“The government policy related to food security succeeded, during the COVID-19 pandemic and the Russian-Ukrainian crisis, in providing sufficient supplies of strategic commodities to consumers, as silos and containers that were built in recent times made it possible to maintain sufficient stocks of wheat and barley,” he said.

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