The World Bank on 10 June approved the first $500mn disbursement of a $1.1bn program “to catalyze public and private investment in Jordan for a green and inclusive recovery from the Covid-19 pandemic.” The Asian Infrastructure Investment Bank is set to chip in an additional $250mn, the World Bank adds.
“Jordan is ready to embark on a climate-responsive recovery and a new growth trajectory. Climate risks due to water scarcity, rising temperatures, and extreme weather present new opportunities for Jordan to become more resource-efficient and more competitive. Investing in greening of infrastructure and services creates jobs and economic value,” the World Bank says. (CONTINUED - 270 WORDS)