Amman (UNA-OIC) – The Jordanian government and the World Bank (WB) on Tuesday signed three agreements to finance priority projects in Jordan with a total value of about $853.75 million.
The agreements aim to support the government’s efforts in the field of social protection, implement the economic reform agenda, propel economic recovery by supporting the continuity of employment programs and the creation of job opportunities in the private sector and support the improvement of the business and investment environment, according to a Ministry of Planning and International Cooperation press release.
The agreements were signed virtually by Minister of Planning and International Cooperation Nasser Shraideh and Regional Director of the Mashreq Department at the World Bank Group, Saroj Kumar Jha, in the presence of the WB Resident Representative in Jordan, Holly Benner.
The new financing aims to support government efforts aimed at mitigating the impact of the coronavirus pandemic on the various sectors, stimulate growth, and help the various affected sectors and groups to overcome the repercussions of the crisis, Shraideh said.
The first agreement included additional financing of $290 million for the cash transfer project to respond to the outbreak of the coronavirus pandemic, which aims to finance part of the mitigating measures to enhance social protection that was recently announced by the Council of Ministers, and includes financing the supplementary support program for the National Aid Fund’s monthly aid program by 100 million dinars for 2021 through the public treasury.
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The agreements aim to support the government’s efforts in the field of social protection, implement the economic reform agenda, propel economic recovery by supporting the continuity of employment programs and the creation of job opportunities in the private sector and support the improvement of the business and investment environment, according to a Ministry of Planning and International Cooperation press release.
The agreements were signed virtually by Minister of Planning and International Cooperation Nasser Shraideh and Regional Director of the Mashreq Department at the World Bank Group, Saroj Kumar Jha, in the presence of the WB Resident Representative in Jordan, Holly Benner.
The new financing aims to support government efforts aimed at mitigating the impact of the coronavirus pandemic on the various sectors, stimulate growth, and help the various affected sectors and groups to overcome the repercussions of the crisis, Shraideh said.
The first agreement included additional financing of $290 million for the cash transfer project to respond to the outbreak of the coronavirus pandemic, which aims to finance part of the mitigating measures to enhance social protection that was recently announced by the Council of Ministers, and includes financing the supplementary support program for the National Aid Fund’s monthly aid program by 100 million dinars for 2021 through the public treasury.
More …
