$554m disbursed by World Bank for 4 projects financed to Jordan for the year 2024

AMMAN — The World Bank disbursed approximately $554 million to four projects it implemented with the Jordanian government for the fiscal year 2024, out of a total financing of $1.235 billion in total funding for the four projects.

The percentage of financing these projects is 44.8 per cent, while the total remaining undisbursed amounts to finance these projects amounted to $681 million, according to data published on Thursday by Al-Mamlaka TV. 

During its last fiscal year, the World Bank signed four agreements for government projects and programmes in Jordan, worth $1.235 billion, in addition to $ 41 million from other donors for the same projects guaranteed by the Bank, which is considered "the highest value in the last five years." 

In April 2024, the World Bank approved the "Citizen-Oriented Digital Government" programme under the Program-for-Results (PforR) Financing Instrument, funded by a $321 million loan and a $29 million grant from the Global Concessional Financing Facility (GCFF) programme, which aims to enhance public service delivery and accelerate digital transformation.

In the same month, the Bank approved the "Enhancing Women's Economic Opportunities" project, funded by a $221 million loan and a $5 million grant from the "Early Learning Partnership" under "Childcare" investment initiative.

In July, the World Bank approved "Jordan's Human Capital" programme, financed by a $300 million loan, which aims to support the governance and effectiveness of social sectors, in order to ensure better and more sustainable outcomes for all Jordanians, as well as to enhance resilience, including protecting families from the negative effects of climate change.

In the same month, it also approved "Modernizing Education, Skills and Administrative Reforms (MASAR)" programme, financed by a $393 million loan and a $7 million grant from the GCFF, which aims to provide children and youth with the right skills for the Kingdom's labour market and economic transformation.

On April 8, the World Bank Group and the Ministry of Planning and International Cooperation have launched the new Jordan Country Partnership Framework (CPF) for the years from 2024 to 2029, which represents a new phase in the short and long-term partnership between Jordan and the World Bank Group, to support green and inclusive growth and promote job creation, especially youth and women, according to data monitored by Al-Mamlaka.