World Bank transfers $7.6 million to National Employment Program

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(File photo: Jordan News)
AMMAN —  The World Bank has transferred $7.6 million to finance part of the National Employment Program in the Kingdom, which aims to stimulate employment and skill acquisition in the private sector. This brings the total project funding since its approval in April 2022 to $12.3 million. اضافة اعلان

The new funding for the program, supported by the general budget and the World Bank, was transferred at the end of May last year. The previous transfer amounted to $4.4 million in February, in addition to an earlier payment of $280,000 upon the program’s launch in April 2022, Al-Mamlaka TV reported.

As of June 8, the number of beneficiaries of the National Employment Program, including those who have signed employment contracts with private sector institutions, reached 22,529 individuals who have started working through agreements with 1,003 establishments.

Employment rates in the industrial sector
The beneficiaries of the National Fund include 754 females and 927 males. The highest employments rates were in the industrial sector, followed by education, tourism, mining, and quarries, according to the Ministry of Labor.

Meanwhile, the World Bank approved $112 million in financing on December 17, 2021 to support Jordan’s project for stimulating employment and skill acquisition in the private sector.

The “Tashghil” National Employment Program aims to provide 60,000 job opportunities for Jordanians in the private sector. It relies on private sector demand and aims to create job opportunities, followed by training when needed.

The program targets individuals aged 18 to 40, with 7 percent of National Aid Fund beneficiaries identified to benefit from the program.

Stimulate job opportunities in the Kingdom
The program is one of the economic priorities of the government in 2022, designed in partnership with the private sector to stimulate it to provide job opportunities for unemployed Jordanians in all economic sectors and fields, and in all governorates of the Kingdom.

Employment is carried out by employers according to their needs and in coordination with representatives of economic sectors and fields, with financial incentives provided for six months per worker, amounting to JD130 (wage support), JD10 (social security subscription support), and JD10 (transportation allowance), totaling 150 dinars.

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