World Economy

WB Approves $300m Loan to Jordan

WB Approves $300m Loan to JordanWB Approves $300m Loan to Jordan

The World Bank approved a concessionary loan of $300 million to support Jordan’s efforts to improve the investment climate, attract investors, reform the country’s labor market and grant access to the Syrian labor force to contribute to economic growth, Yahoo reported. A statement issued by the bank said the economic opportunities for Jordanians and Syrian Refugees Program, approved by the Bank Group’s Board of Directors, will support trade facilitation and investment promotion especially in existing special economic zones and foster Jordanian and Syrian entrepreneurship activities.