Amman (IINA) – Jordan’s Minister of Planning and International Cooperation Imad Fakhoury and Director General of the Arab Fund for Economic and Social Development (AFESD) Abdul Latif Al Hamad signed a $100 million soft loan agreement to finance small and medium size projects, Petra reported.
Fakhoury, who is leading Jordan's delegation to the annual meeting of the AFESD's Board of governors, currently being held in Kuwait, said that the program aims to support small and medium size projects, create job opportunities to address poverty and unemployment, increase production, and support pioneering initiatives.
Jordan has strong ties with the Arab Fund, which is a major partner in supporting the development efforts in the country. The Fund had financed 44 projects of economic and social priority, valued at $1.63 billion over the period from 1975 to 2014.
The value of grants offered by the Fund to Jordan in the same period reached $24.2 million, used to carry out projects in the fields of education, health, social development, water and sanitation.
AB/IINA
Fakhoury, who is leading Jordan's delegation to the annual meeting of the AFESD's Board of governors, currently being held in Kuwait, said that the program aims to support small and medium size projects, create job opportunities to address poverty and unemployment, increase production, and support pioneering initiatives.
Jordan has strong ties with the Arab Fund, which is a major partner in supporting the development efforts in the country. The Fund had financed 44 projects of economic and social priority, valued at $1.63 billion over the period from 1975 to 2014.
The value of grants offered by the Fund to Jordan in the same period reached $24.2 million, used to carry out projects in the fields of education, health, social development, water and sanitation.
AB/IINA
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