Jordan, KFAED sign $38.3m loan agreement to support education

Jordan, KFAED sign $38.3m loan agreement to support education

AMMAN — Jordan and the Kuwait Fund for Arab Economic Development (KFAED) on Wednesday signed an agreement under which a $38.3-million loan will be extended to finance the Kingdom's public education infrastructure project, according to a Planning Ministry statement.

The agreement aims to support the Kingdom's economic and social development efforts, notably the provision of key requirements for educational buildings through the establishment of 12 schools in Amman, Madaba, Irbid, Jerash, Zarqa, Ajloun, Balqa and Karak.

The schools, comprising 12 to 36 classrooms from kindergarten through secondary stage, will help ensure a proper educational environment by providing additional seats to address overcrowding in schools amid the growing demand for public education. The agreement will also help reduce the rate of rented schools.