WASHINGTON, June 27, 2018 - The World Bank’s Board of Executive Directors today approved the following project:
Jordan - First Equitable Growth and Job Creation Programmatic Development Policy Financing
IBRD Loan: US$500 million equivalent (consisting of a concessional portion of US$111 million from the Global Concessional Financing Facility and a non-concessional portion of US$389 million)
Project ID: P166360
Loan maturity (non-concessional portion): 35 years – Grace period of 4.5 years
Project Description: The project will support Jordan to set foundations to reduce business costs and improve market accessibility, create more flexible and integrated labor markets and provide better and more efficient social assistance, and improve fiscal sustainability and take more informed decisions regarding risk.
