World Economy

$100m Grant for Jordan

$100m Grant for Jordan$100m Grant for Jordan

Minister of Planning and International Cooperation Imad Fakhoury and Director General of the Arab Fund for Economic and Social Development (AFESD), Abdul Latif Al Hamad signed a $100 million soft loan agreement to finance a program to support small and medium size projects in the presence of Finance Minister Umayya Toukan and Central Bank of Jordan Governor Ziyad Fariz, Petra reported. Fakhoury, who is leading Jordan’s delegation to the annual meeting of the AFESD’s Board of governors, currently being held in Kuwait, said that the program aims to support small and medium size projects, create job opportunities to address poverty and unemployment, increase production, and support pioneering initiatives.