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The World Bank says it is close to finalizing a $1.9bn financial support package for Jordan over the next two years, World Bank CEO Kristalina Georgieva told the Jordan Times on the sidelines of a Jordan donors conference in London this week.
The $1.9bn package will consist of a $1bn development loan and two loan guarantees, one for $200mn from Saudi Arabia and another for $250mn from the UK, as well as a $100mn concessional loan and $350mn in project finance.
The World Bank is keen “to do over the next two years almost as much as we have done in the last five years in financial support for Jordan,” Ms Georgieva says, particularly given Jordan’s willingness to take on IMF and World Bank prescribed reform efforts. (CONTINUED - 179 WORDS)