AMMAN —
Minister of Planning and International Cooperation Nasser Al-Shraideh announced Sunday that the
government had reached preliminary agreements with international funding bodies
amounting to $430 million.
اضافة اعلان
Shraideh told Al-Ghad News that a project to enhance
emergency food security with the World Bank was “under study” and that no
agreement had yet been reached. He was responding to Al-Ghad report that said
the World Bank had suspended funding for the emergency food security
strengthening project, worth $480 million.
Al-Ghad said that sources at the
World Bank did not
deny the report, but refused to comment, while other sources confirmed that the
project was still under study, and the bank had not yet decided to finance it.
Shraideh said that the government decided that
financing for the project should come through other international financing
bodies, namely the
Islamic Development Bank (IDB), the European Investment Bank
(EIB), the OPEC Fund for International Development (OFID), citing more
favorable terms.
The minister explained that the Planning Ministry
had reached preliminary funding agreements with the IDB for $200 million, the
EIB for $130 million, and OFID for $100 million, bringing the total to $430
million.
Shraideh indicated that this funding will be allocated to
financing “the commercial account linked to enhancing Jordan’s strategic stock
of wheat and barley”, and that $30 million of the funding will be allocated to
increase the absorptive capacity of both goods.
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