Jordan Receives Soft Loan, Grant at USD52.8m from WB

تم نشره في Wed 28 June / Jun 2017. 11:00 PM
  • Minister of Planning and International Cooperation Emad Fakhouri signing two agreements totalling at with the World Bank and Japan Social Development Fund (JSDF) during his visit to Washington - (Source)

AMMAN —AlGhad— During the Minister of Planning and International Cooperation Emad Fakhouri’s visit to Washington, he signed two agreements totalling at with the World Bank and Japan Social Development Fund (JSDF) to support the state budget and finance social projects targeting youths in the Kingdom.

According to the Minister, the first agreement is a USD50 support to the Kingdom budget, of which USD36.1 million were granted as a soft loan, while the remaining USD13.9 million were a grant within the Concessional Financing Facility (CFF), which was launched last year and is run by the World Bank.

He also discussed renewing the Jordanian-US memorandum of understanding for 2018-2022, governing the military and economic aid to Jordan.

The second agreement is a USD2.8 million grant by the Japan Social Development Fund (JSDF), which aims to provide integrated social services for youths in the Kingdom.

(Petra)

Comment