Tania Meyer, resident representative of the World Bank in Jordan, has said that the second batch of the development policies loan worth USD500 million will be paid in August.
On the sidelines of a visit made by Ferid Belhaj, World Bank Vice President for the Middle East and North Africa, to Jordan on Sunday, Meyer affirmed that the first USD250 million was paid when signing the loan.
The World Bank approved end of June the Jordan development policies loan, worth USD500 million in the form of a USD111 million donation and a soft loan of USD389m for a duration of 35 years.
The financing also seeks to support Jordan to promote inclusive economic growth, create more jobs, and expand the National Aid Fund cash transfer program to cover an additional 85,000 households.
Zain Innovation Campus hosted Sunday Belhaj during a discussion under the title of technology and its influence on youths and employees, within a series of talks held by the campus regularly.
