Finance Jordan gets $2bn to support national projects By Pramod Kumar May 19, 2025, 1:00 PM Reuters/Dominika Zarzycka/NurPhoto A traditional clothes shop in Amman. The World Bank will provide loans worth $1.1 billion to boost economic growth, as well as build startups and SMEs Jordan has secured more than $2 billion in grants and concessional loans to build a series of development projects, according to local media. The agreements were signed last month with the World Bank, Germany’s KfW Development Bank, the Netherlands embassy and the Arab Fund for Economic and Social Development (AFESD), Jordan Times newspaper reported, quoting the communications ministry. The funds will support economic modernisation, improve infrastructure and strengthen social safety systems, the paper said. The World Bank will provide loans worth $1.1 billion to boost economic growth, as well as build startups and small- and medium-sized enterprises. Jordan’s Bank al Etihad buys smaller Investbank Jordan plans drilling campaign to bolster gas supplies Jordan caught under Trump tariffs’ sword of Damocles In addition, the ministry signed a €200 million ($215 million) loan agreement with KfW. The Netherlands also granted €31 million to support the national water carrier project, which is designed to desalinate 300 million cubic metres of water annually. In collaboration with AFESD, Jordan launched a new five-year country partnership strategy (2025-29) valued at $690 million. It prioritises investment in water and energy infrastructure and private sector development, the report said. Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later
