World Bank 2021 commitments to Jordan amount to $952 million

World Bank building (Photo: Wikipedia)
(Photo: AFP)
AMMAN — The total commitments of the World Bank to Jordan since the beginning of 2021 amounted to $952 million, from loan programs and regular and emergency projects, according to data from the World Bank Group reviewed by Al-Mamlakah TV.اضافة اعلان

This year, the World Bank and Jordan signed four programs and projects in support of social protection and economic reforms that make it possible to maintain job opportunities in the private sector, and improve the business and investment environment.

The World Bank on Wednesday announced a $112 million fund to support the Jordan Support Project to stimulate employment in the private sector.
The World Bank lent Jordan $853.75 million out of the $1.1 billion announced by the minister of Planning and International Cooperation, Nasser Al-Shraideh, last June, as part of three agreements.

One agreement included additional financing of $290 million for the cash transfer project to respond to the outbreak of the coronavirus pandemic. The second included additional financing of $64 million to help the Jordanian government finance the purchase of COVID-19 vaccines. The third, worth $500 million, is to be implemented over five years, and aims to stimulate public and private investment in Jordan in order to help recovery from the pandemic.

The World Bank and Jordan also signed, in June, a grant agreement worth $6.5 million, to finance the project to strengthen reform management in Jordan, which was launched in 2019 to coordinate and follow up on a reform matrix that the government announced its commitment to at the London Initiative conference for 2019.

The bank’s portfolio in Jordan until last July, within the framework of the Qatari partnership with the bank for 2017-2022, amounted to $3.25 billion, distributed over 15 development projects that include a mixture of concessional financing and grants.

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