Dubai, UAE — The World Bank and Jordan have signed two financing agreements worth $650 million for the programs of inclusive, transparent and climate-responsive investments in the kingdom besides enhancing the efficiency of the electricity sector in the kingdom.
The agreements were signed on behalf of the Jordanian government by Minister of Planning Zeina Toukan, and on behalf of the World Bank, Jean-Christophe Carré, Regional Director for the Middle East Department at the Bank.
The first agreement includes additional financing of $400 million for the program of inclusive, transparent and climate-responsive investments using the program financing tool according to results in Jordan, in a way that leads to promoting climate-responsive public and private investments, in addition to encouraging the creation of job opportunities, especially for women.
The second agreement worth $250 million includes financing the program to enhance the efficiency of the electricity sector using the program financing tool, SPA reported.