jordan pulse -

The World Bank has reported that Jordan has completed 33% of the developmental targets under its “Jordan Inclusive, Transparent, Climate-Responsive Investments Program,” funded through a World Bank loan. This marks an increase of just 6 percentage points over the past six months, four years into the program’s implementation.

The $900 million program—comprising a $500 million initial loan and $400 million in additional financing—has disbursed about $500.16 million as of July 28. This includes $337.38 million (67.48%) from the primary loan and $162.78 million (40.69%) from the supplemental funding.

Approved on June 10, 2021, the primary financing was followed by the additional funding on April 7, 2023. The program is scheduled to conclude on June 30, 2028. Key milestones have included the issuance of a green bond, streamlining of licensing procedures, and improvements in investment efficiency in Jordan.