World Bank supports Jordan’s green growth – Roya News English

World Bank supports Jordan’s green growth – Roya News English

The World Bank Group's Board of Executive Directors approved, on June 10th, a $500 million program to catalyze public and private investment in Jordan for a green and inclusive recovery from the COVID-19 pandemic. The program is expected to help Jordan accelerate its recovery and create more jobs by capitalizing on the economy's potential, especially its green growth opportunities, and to strengthen the Government's accountability mechanisms for delivery. The Asian Infrastructure Investment Bank (AIIB) is also preparing an additional $250 million in financing to support the program. 

The Inclusive, Transparent and Climate Responsive Investments Program-for-Results (PforR) is part of the $1.1 billion recently announced by the World Bank Group (WBG) in combined loans and grant financing support from the WBG and international partners to support Jordan in responding to the pandemic and promoting an early, climate-resilient, and inclusive recovery.