AMMAN — The
World Bank has agreed to
provide $125 million to finance a Jordanian project that supports agricultural
development and value chains through resilience to climate change and
sustainability, Al-Mamlaka TV reported.
اضافة اعلان
The total value of the project may reach $762
million, funded by the government and trust funds; it is based on Jordan’s
National Plan for Sustainable Agriculture (2022–2025).
The project addresses challenges faced by the
agricultural sector in Jordan through partnerships between the public and
private sectors, and hopes to enhance the resilience of the agricultural
production system, which is affected by climate change, and to guide the sector
toward a more sustainable growth path.
It is also set to contribute to improving the
competitiveness of the agri-food sector by strengthening the environment for
agribusiness, and making the sector more attractive for investment.
The World Bank had indicated that the agricultural
sector in Jordan is an important source of income, employment and exports, and
has much untapped potential, pointing out that a quarter of Jordan’s poor
depend on agriculture for their income.
The bank added that climate change “severely affects”
agriculture in Jordan, due to rising temperatures and declining rainfall, and
warned of a recurrence of drought, which will lead to increased demand for
irrigation by water-dependent crops.
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