2 million Jordanians to benefit from WB loan

World Bank
(Photo: World Bank)
AMMAN — The value of the emergency cash transfer scheme in favor of families and workers affected by the pandemic in Jordan, financed by a World Bank (WB) loan to the National Aid Fund, went up to  $1.014 billion, following the bank’s approval of a second additional fund at the value of $350 million, Al-Mamlaka TV reported.اضافة اعلان

The cash transfer project’s document includes four components; the first is at a value of $815 million and includes cash support to poor and vulnerable families affected by the pandemic, of which $107 million was channeled to temporary cash transfers.

The first component’s additional funding increases the original appropriation from $494.57 million to $815.45 million, which will increase the number of families receiving cash support from 247,000 to 400,000 by the end of the project in December 2024 as well as the number of individual beneficiaries of the current target of $1.235 million to 2 million. 10 percent of the beneficiary households are headed by women.

Minister of Planning and International Cooperation Nasser Shraideh said that “the additional funding will support the government’s efforts to bring together several cash transfer programs under the unified cash transfer program, and will also contribute to building a social protection network capable of responding to emergencies and support the government’s efforts to recover from the fallout of the pandemic.”

World Bank Regional Director Saroj Kumar Jha said “the additional funding will support poor and needy families and workers who continue to suffer the effects of the pandemic, and will assist in the implementation of ongoing reforms in the social protection system, which was reinforced during the crisis as has become a model in the region and the world in relation to digitization, information management and efficiency, as well as providing linkages to economic opportunities and empowerment.”

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