OPEC fund pledges $170m to help food security, pandemic-related projects

Jordan News

last updated: Oct 09,2022

Amman - Ameer — (File photo: Ameer Khalifeh/Jordan News)

AMMAN — The OPEC Fund for International Development pledged to provide $170 million to Jordan, for the years 2021–2022, for two projects that support dealing with the COVID-19 challenges and enhancing emergency food security, according to Al-Mamlaka TV.اضافة اعلان

The fund provided $70.5 million to Jordan last year, to help mitigate the social and economic impact of the COVID-19 pandemic, as part of the fund’s commitment to allocate $1 billion in aid to developing countries to help them deal with the aftermath of the pandemic.

According to the fund, “the loan supports a Jordanian government project aiming to provide 14,000 new job opportunities in the tourism, information technology, communications and health care sectors”.

Jordan and the OPEC fund announced last week a $100 million agreement to finance the emergency food security project in Jordan. The agreement was signed by Minister of Planning and International Cooperation Nasser Al-Shraideh and Director General of the OPEC Fund Abdulhamid Al-Khalifa.

Shraideh had said that the agreement aims to secure strategic commodities of wheat and barley, to enhance food security in Jordan, and to avoid any risks that may arise as a result of supply chain disruptions and price fluctuations as a result of the challenges facing the world at the current stage.

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