‘Startups Fund’ to Support Entrepreneurial-SMEs Sector; USD98m

تم نشره في Tue 22 August / Aug 2017. 12:00 AM
  • Central Bank of Jordan (CBJ) Building, Amman - (Archives)

AMMAN —AlGhad— Part of the underway shift to support and empower entrepreneurial business and SMEs, the government and the World Bank (WB) have jointly allocated USD98 million to fund the Innovative Startups Fund (ISF), launched yesterday, Monday.

The Jordanian Treasury allocated USD50 million to support the ISF project, and the WB provided USD48 million.

In order to cover the Treasury’s contribution to the Fund, the government signed a USD50 million easy finance agreement with the WB.