Jordan signs €15-million grant agreement with German bank

The Jordanian government and German Development Bank (KfW) Tuesday signed a €14-million grant agreement for the investment program “Employment-creating integrated municipal solid waste management,” and one million euros as an accompanying measure.

According to a statement by the Ministry of Planning and International Cooperation, the agreements aim to support top priority development projects in the water and environment sectors, which will have a direct impact on improving the level of services provided to citizens, in line with the government’s Indicative Executive Program for the years 2021-2024.

The agreement was signed by Naser Shraideh, Minister of Planning and International Cooperation, and Mark Schwiete, Office Director of KfW Amman.

Shraideh extended the Jordanian government’s appreciation to the German government for its continued support to the Kingdom, noting that “Germany is one of Jordan’s most important partners in the development and reform process.” He said German aid contributes to supporting vital sectors, such as education, water and sanitation.

He also pointed to the German government’s solidarity with Jordan to face the burdens resulting from the COVID-19 pandemic and the Syrian refugee crisis, and its efforts to mobilize the necessary international support to aid Jordan.

The German government also signed two loan agreements; the first concerns the “Adaptation to Climate Change Phase III” amounting to €24 million, while the second amounting to €50 million concerns the continued and successful Water Resources Management Programm (WRMP).

Source: Jordan News Agency

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