Jordan, WB sign $650mln agreements to support climate, electricity, job creation

Washington, April 18 (BNA): Jordan and the World Bank signed two new loan agreements to support climate-responsive investments and help improve the efficiency of Jordan’s electricity sector.

The agreements were signed by the Minister of Planning and International Cooperation, Zeina Touqan, and the World Bank’s Country Director for the Middle East, Jean-Christophe Carette, on the sidelines of the World Bank’s spring meetings in Washington, DC, and the Jordan News Agency (Petra). ) mentioned.

According to a World Bank statement on Tuesday, the international financial institution approved $400 million in additional financing for the Jordan Investment Program inclusive, transparent, and climate-responsive for results to step up efforts to boost climate-responsive public and private investment, and boost jobs and business opportunities. For women, enhancing government effectiveness through participatory policy-making, data and evidence.

It also approved additional financing of $250 million for the Electricity Sector Efficiency and Reliability of Supply for Results program, which aims to improve the efficiency of Jordan’s electricity sector, maintain the significant progress the country has made in electricity service reliability, and strengthen sector governance.


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