AMMAN, Sept 2 (NNN-PETRA) – Board of directors of the Asian Infrastructure Investment Bank (AIIB), authorised 250 million-U.S.-dollar investment in Jordan, to stimulate economic recovery from the COVID-19 pandemic, the bank said yesterday.
According to a statement released by the AIIB, the bank’s first loan to Jordan is expected to create more jobs by unleashing the economy’s potential, especially in green growth.
“Jordan has been one of the most active countries in the region, in adopting international climate change initiatives,” AIIB Vice President, Konstantin Limitovskiy, was quoted as saying.
“Our support will assist the government’s drive towards a greener, more climate-responsive, and more competitive economy,” he said in the statement.
According to recent national statistics, Jordan’s real GDP narrowed by some 1.6 percent in 2020, due to the pandemic, while unemployment rose to 24.7 percent, and poverty increased by an estimated 40 percent, in the earliest stage of the health crisis.
