Technology

Britain pledges USD 250 million aid for Jordan

LONDON, The British government pledged on Thursday to secure USD 250 million as a loan from the World Bank for Jordan.

UK International Development Secretary Penny Mordaunt, speaking at the “Growth and Opportunity” conference held in London, announced earmarking USD 66 million for the donors fund for Syrian refugees settled in Jordan.

Additionally, USD 18 million will be allotted for backing up a new fund, set up by the WB to help Jordan upgrade government systems and boost businesses.

Britain will make long-term initiatives to secure education and training for Jordanian youth, secretary Mordaunt announced.

Earlier, Jordanian King Abdullah II, whose country co-hosts the London conference, stated that his country has been facing enormous challenges since it started hosting the Syrian refugees.

Despite these challenges, the Jordanian government has prepared a five-year development plan to overhaul the economy, he said.

More than 60 states, including Kuwait, are partaking in the London conference. Also participating are representatives of the European Union, the WB, the International Monetary Fund and the European Investment Bank.

Source: Kuwait News Agency