Jordan is to receive $783mn in loans and grants under new deals signed or approved this month.
The World Bank on 13 March approved a $250mn loan to help ease fiscal strains which have increased with the influx of Syrian refugees and slashed supplies of low-cost Egyptian gas. “Support to Jordan over the last two years, amounting to $700mn in loans and grants, has focused on... medium term budget support and emergency response to the Syrian crisis,” the Bank says, adding that the post-2008 global economic slowdown and post-Arab Spring regional turmoil “have heightened long-term structural vulnerabilities in Jordan.” (CONTINUED - 308 WORDS)
