The loan agreement, signed in the United States, seeks to support Jordan's agricultural sector by enhancing its climate resilience, increasing competitiveness and inclusion, and ensuring medium- to long-term food security, the World Bank said in a statement Tuesday.
In the next five years, about 30,000 farming households will be provided with financing as part of the loan to adopt climate-smart and water-efficient agriculture practices.
The loan also entails providing needs-based training and will help create about 12,000 jobs, especially for Jordanian women and youth.
The program will also provide economic opportunities for Syrian refugees, the World Bank said, adding that agriculture is an important source of income for "Jordan's poor and a large number of Syrian refugees."
Latest comments