World Bank approves $350m to support Jordan’s vulnerable households affected by pandemic
- Date: 22-Mar-2022
- Source: Jordan Times
- Sector:Financial Services
- Country:Jordan
World Bank approves $350m to support Jordan’s vulnerable households affected by pandemic
AMMAN — The World Bank approved $350 million in additional financing for Jordan’s COVID-19 Emergency Response Project to continue cash support to poor and vulnerable households and workers in firms most affected by the COVID-19 pandemic.
Cash transfers give poor and vulnerable households money for their basic needs, so they can channel what they have into health and education to develop human capital, according to a World Bank statement.
The Jordan Emergency Cash Transfer COVID-19 Response Project Second Additional Financing will also help the government launch reforms to advance an Economic Empowerment Programme, which aims to integrate poorer sections of the country’s population into the labour market.
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