Jordan and the World Bank (WB) have sealed two new loan agreements to support climate-responsive investments and help improve the efficiency of Jordan’s electricity sector.
The agreements were signed by Minister of Planning and International Cooperation, Zeina Toukan, and the World Bank Country Director for the Middle East Department, Jean-Christophe Carret, on the sidelines of the World Bank Spring Meetings in Washington DC, Jordan News Agency (Petra) reported.
According to a WB statement on Tuesday, the international financial institution approved additional financing of $400 million for the Jordan Inclusive, Transparent, and Climate Responsive Investments Program for Results to intensify efforts to boost climate-responsive public and private investment, promote jobs and business opportunities for women, and strengthen government effectiveness through participatory, data and evidence-based policymaking.
It also approved additional financing of $250 million for the Electricity Sector Efficiency and Supply Reliability Program for Results, which aims to improve the efficiency of Jordan’s electricity sector, maintain the country’s significant progress on the reliability of electricity service, and strengthen sector governance
Source: Bahrain News Agency
