WASHINGTON, December 1, 2016 - The World Bank’s Board of Executive Directors today approved the following project:
Jordan - Second Programmatic Energy and Water Sector Reforms Development Policy Loan
IBRD Loan: US$ 250 million (including a concessional portion for US$ 25 million made on a grant basis).
Loan Maturity: 35 years Grace period: 4.5 years
Project ID: P160236
Project Description: The Program Development Objective is to improve the financial viability and increase efficiency gains in the energy and water sectors in Jordan. The operation will support the Government of Jordan in maintaining progress on its electricity and water reforms in a context of severe stress on these critical service sectors resulting from the influx of Syrian refugees.