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 >> |
 |
|||||
|
Egypt >> 11/21/2024 - An International Monetary Fund (IMF) mission led by Ivanna Vladkova Hollar wrapped up in-person discussions with Egyptian authorities in Cairo regardi...
|
Egypt >> 11/21/2024 - The Engineering Export Council of Egypt (EEC) revealed that engineering industry exports increased by 25.6 percent from January to September, reaching...
|
|
Egypt >> 11/20/2024 - Prime Minister Dr. Mostafa Madbouly held a meeting this morning at the government headquarters in the New Administrative Capital with Mr. Chang Won Sa...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouly, with Mahmoud Esmat, Minister of Electricity and Renewable Energy Minister, and Sultan Al Jaber, UAE Ministe...
|
|
Egypt >> 11/20/2024 - Egypt and Australia have seen a significant surge in their bilateral trade relationship, with the trade volume increasing from $270 million in 2015 to...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouli chaired the Cabinet’s weekly meeting in the New Administrative Capital.
The Cabinet is set to add... |
| Jordan Oil & Gas 1 >> 2 | |
