January 28 2023 4:38 PM E-paper Newsletter Subscribe Sign in My Account Sign out
 
 

WB transfers $45m for families affected by pandemic

World bank WB
(File photo: Jordan News)
AMMAN — The World Bank has transferred $45 million in new payments from the Emergency Cash Transfer Project for Families and Workers Affected by the Coronavirus Pandemic in Jordan, which is managed by the National Aid Fund, according to local media outlets.اضافة اعلان

By transferring the new payment, the amounts transferred from the bank to finance the project amounted to about $463 million, of a total of $1 billion, which have been transferred through successive payments since the project was approved in 2020. 

On June 25, 2020, the World Bank approved the first phase of the $374 million project to provide cash assistance to 270,000 poor families in Jordan.

The latest transfer took place through two payments last September, where the first amounted to $5.49 million, and the second amounted to $39.7 million. Three previous payments took place last June; the first with a value of $875,000, and the second with a value of $46 million and the third with a value of $15 million.

The emergency cash transfer project for COVID-19 relief in Jordan made “strong and satisfactory progress” towards achieving its development goal, according to a new World Bank report.

As of last May, the total number of families benefiting from cash transfer programs amounted to 366,576 families out of 400,000 targeted under the first phase of the project, while the number of workers benefiting from wage support reached 109,327, compared to 110,000 targeted workers employed in the formal economy.


Read more Business
Jordan News