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  • 05-03-19

    Jordan to be granted USD1.9b WB loans

    (MENAFN) Jordan was announced to be receiving USD1.9 billion from the World Bank (WB) over a period of two years as a way to back Jordanian economic reforms.

    CEO of WB Kristalina Georgieva noted, as reported said, that this latest financial aid holds nearly the same amount of which the bank extended to Jordan over the past five years.

    Using its private investment arms, the bank was also confirmed to be planning to launch pipeline projects within Jordan at a value of USD1 billion.

    It comes after London Initiative 2019, where Jordan received a number of massive pledges from various countries and institutions for its reforms.

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