News Column

Jordan : WORLD BANK plans to provide $1 billion to JORDAN

June 5, 2014

The World Bank is planning to provide with a $1 billion loan to Jordan; $800 million to support infrastructure projects and $200 million to the state treasury, but still negotiations over the loan have not started, said, President of the World Bank, Jim Yong Kim, on Wednesday.

Addressing a joint news conference with Minister of Planning and International Cooperation, Ibrahim Saif, Kim stated that Jordan is under huge burdens as a result of the Syrian, stressing the bank's commitment to help Jordan in the existing circumstances.

Kim added that he spoke His Majesty King Abdullah II about the need to explore major investment projects so that the International Finance Corporation could invest in these projects.

Minister of Planning and International Cooperation, Ibrahim Saif, stated that during the visit discussion was held regarding regional challenges and reconfirmed the bank's support and commitment towards Jordan in the current circumstances. Also measures were discussed to increase strategic cooperation between Jordan and the World Bank.

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Source: TendersInfo (India)

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