WB Grants Jordan USD 250-Mln Loan for Water, EnergySource: www.export-egypt.com 12/11/2016, Location: Middle East |
|
|
|
|
|
Jordan signed a soft loan agreement worth USD 250 million with the World Bank on Sunday for supporting water and energy sectors across the Kingdom.
The loan aims to improving financial feasibility of water and electricity sectors and increase gains, Jordan's Minister of Planning and International Cooperation Imad Fakhoury said following the signing ceremony. This is the second loan provided by the WB within a year, he added, noting that the two loans totaled USD 500 million provided to the country which has been suffering from pressures on its infrastructure because of hosting large numbers of Syrian refugees. The loan granted today will support efforts of Jordan's government to meet needs of drinking water, concurrently with allocating a lot of treated wastewater for farmers and the industry sector so as to support economic growth and curb excess of groundwater. Meanwhile, World Bank Director for Middle East Ferid Belhaj stressed the bank's continued support for Jordan, affirming World Bank Group's commitment to constantly backing efforts of the international community aiming to alleviate repercussions of Syrian crisis on Jordan. Belhaj also reiterated Jordan's support for his endeavors to transform major economic challenges into developmental opportunities that translate the outcomes of Syria donors' conference hosted by London last February. |
|
|
Financials and Investment News in Jordan >> |
 |
|||||
| Jordan Oil & Gas 1 >> 2 | |
