Amman, Jordan – Jordan’s government has signed two deals with the German KfW Development Bank to secure a financial package totaling $140 million to develop its water sector.
The deal was signed between Jordanian Minister of Planning and International Cooperation Zeina Touqan, and the German Minister of Economic Cooperation and Development Svenja Schulze.
Jordan’s Petra News Agency reported that the initial tranche of financing encompasses a $84 million soft loan, earmarked as the second installment for the development policy of the water sector.
A subsequent $56 million soft loan will spearhead a program dedicated to curtailing water losses and diminishing the rates of unbilled water. This strategy is projected to enhance the sustainable water balance by addressing both technical and administrative inefficiencies.
On October 16, the two countries signed a number of agreements, under which development aid was provided by the German government worth $234 million to finance 8 developmental projects.