ZCZC
BCN-02
WORLD-BANK-JORDAN-USD
World Bank to extend 250 mln USD to Jordan in August
AMMAN, July 30, 2018 (BSS/Xinhua) — The World Bank will provide 250
million U.S. dollars to Jordan in August to support the country’s reforms,
said Ferid Belhaj, World Bank vice president for Middle East and North
Africa, on Sunday.
He made the remarks during a meeting with the press in Amman, saying that
the money is the second part of the 500 million dollars pledged to be given
to Jordan in June.
Jordan received the first 250 million dollars last week, he said.
The financing seeks to improve the economy and business climate by reducing
business costs, fostering competition and increasing exports, he said.
The financing also seeks to support Jordan to promote inclusive economic
growth, create more jobs, and expand the National Aid Fund cash transfer
program to cover an additional 85,000 households.
The program will have a specific focus on creating opportunities for young
people and women, the World Bank said.
Launched in 2016, the Global Concessional Financing Facility provides
concessional financing to middle income countries hosting large numbers of
refugees at rates usually reserved for the poorest countries.
BSS/AFP/HR/0927