Latest news with #KfWDevelopmentBank
Zawya
19-05-2025
- Business
- Zawya
Jordan secures over $2bln for development projects — ministry
AMMAN — Jordan has secured more than $2.1 billion in grants and concessional loans to fund a number of high-impact national development projects, the Ministry of Planning and International Cooperation announced on Monday. According to a government performance report released by the Ministry of Government Communication, the financing agreements were finalised in April with major international partners, including the World Bank, Germany's KfW Development Bank, the Embassy of the Netherlands, and the Arab Fund for Economic and Social Development (AFESD). The funds are intended to support Jordan's economic modernisation programme, enhance infrastructure, and strengthen social safety nets, the ministry said. Agreements signed with the World Bank total $1.1 billion and target initiatives that stimulate economic growth, promote start-ups and small- and medium-sized enterprises (SMEs), expand social protection, and improve the reliability of the Kingdom's electricity supply, Al Mamlaka TV reported. A key component includes a $400 million Development Policy Loan aimed at improving competitiveness, boosting exports, and increasing employment opportunities, particularly for youth and women. Another $400 million will support the Resilient and Sustainable Social Protection Programme, designed to strengthen the country's response to economic shocks and protect vulnerable populations. Additionally, the second phase of the Jordan Entrepreneurship Fund, with a $50 million investment, will support high-growth start-ups in sectors such as ICT, fintech, green tech, and health tech. A further $250 million is allocated to enhance the efficiency and financial sustainability of the electricity sector, part of Jordan's transition to cleaner energy sources. The ministry also signed a 200 million euro ($215 million) loan agreement with KfW to support the Kingdom's economic modernisation vision. The German development bank described the funding as 'unconditional financial credit' offered at a pivotal time for Jordan's reform agenda. In a bid to bolster water security, The Netherlands committed 31 million euros ($33 million) in grant funding for the National Water Carrier Project, which aims to desalinate 300 million cubic metres of water annually. The project is expected to serve nearly four million residents and address worsening climate-related water shortages. Meanwhile, Jordan launched a new five-year Country Partnership Strategy (2025–2029) with the AFESD, valued at $690 million. The strategic partnership will prioritise investments in water and energy infrastructure, vocational training, and private sector development. The Kingdom secured a $65 million soft loan to finance the development of the Sheikh Sabah Al Ahmad Al Jaber Al Sabah LNG Port. © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (
Jordan Times
18-05-2025
- Business
- Jordan Times
Jordan secures over $2 billion for development projects — ministry
By JT - May 18,2025 - Last updated at May 18,2025 The Ministry of Planning and International Cooperation announced on Monday says that Jordan has secured more than $2.1 billion in grants and concessional loans to fund a number of high-impact national development projects (JT file) AMMAN — Jordan has secured more than $2.1 billion in grants and concessional loans to fund a number of high-impact national development projects, the Ministry of Planning and International Cooperation announced on Monday. According to a government performance report released by the Ministry of Government Communication, the financing agreements were finalised in April with major international partners, including the World Bank, Germany's KfW Development Bank, the Embassy of the Netherlands, and the Arab Fund for Economic and Social Development (AFESD). The funds are intended to support Jordan's economic modernisation programme, enhance infrastructure, and strengthen social safety nets, the ministry said. Agreements signed with the World Bank total $1.1 billion and target initiatives that stimulate economic growth, promote start-ups and small- and medium-sized enterprises (SMEs), expand social protection, and improve the reliability of the Kingdom's electricity supply, Al Mamlaka TV reported. A key component includes a $400 million Development Policy Loan aimed at improving competitiveness, boosting exports, and increasing employment opportunities, particularly for youth and women. Another $400 million will support the Resilient and Sustainable Social Protection Programme, designed to strengthen the country's response to economic shocks and protect vulnerable populations. Additionally, the second phase of the Jordan Entrepreneurship Fund, with a $50 million investment, will support high-growth start-ups in sectors such as ICT, fintech, green tech, and health tech. A further $250 million is allocated to enhance the efficiency and financial sustainability of the electricity sector, part of Jordan's transition to cleaner energy sources. The ministry also signed a 200 million euro ($215 million) loan agreement with KfW to support the Kingdom's economic modernisation vision. The German development bank described the funding as 'unconditional financial credit' offered at a pivotal time for Jordan's reform agenda. In a bid to bolster water security, The Netherlands committed 31 million euros ($33 million) in grant funding for the National Water Carrier Project, which aims to desalinate 300 million cubic metres of water annually. The project is expected to serve nearly four million residents and address worsening climate-related water shortages. Meanwhile, Jordan launched a new five-year Country Partnership Strategy (2025–2029) with the AFESD, valued at $690 million. The strategic partnership will prioritise investments in water and energy infrastructure, vocational training, and private sector development. The Kingdom secured a $65 million soft loan to finance the development of the Sheikh Sabah Al Ahmad Al Jaber Al Sabah LNG Port.
New Indian Express
08-05-2025
- Business
- New Indian Express
Japan's KfW team praises natural farming practices in Andhra Pradesh
VIJAYAWADA: A high-level delegation from Japan KfW Development Bank, a government-owned organisation, visited natural farming fields in Bollapadu village of Vuyyuru mandal in Krishna district, on Wednesday under the Andhra Pradesh Community Managed Natural Farming (APCNF) programme implemented by Rythu Sadhikara Samstha (RySS). Director of South Asia, KfW Frankfurt Carolin Gassner, led the delegation, which included Director of KfW India Office Wolf Muth and Senior Sector Specialist Sangeeta Agarwal. The team engaged with APCNF field staff and farmers, witnessing demonstrations of natural bio-stimulants such as Beejamrutham, Ghana Jeevamrutham, Drava Jeevamrutham and botanical extracts for pest and disease management. They visited Farmer C Ram Mohan's Banana 'A' Grade Model Field and ATM (Any Time Money) model farm, located next to a conventional chemical farm owned by Amara. A comparative analysis of input costs, yield and returns was presented. A BRIX test revealed banana sap with a value of 15 in the natural farm, compared to 9 in the chemical farm.
Zawya
28-04-2025
- Business
- Zawya
Germany pledges $226mln loan to support Jordan's economic reforms
AMMAN — The German government has announced a €200 million concessional loan to Jordan, aimed at helping the country address economic challenges driven by regional conflicts and reinforcing the Jordanian government's comprehensive reform agenda. 'The concessional loan will help Jordan to navigate through economic challenges that are caused by the conflicts in the region,' a statement from the German Embassy in Amman said. 'Germany continues to support Jordan's economic, political and private sector reforms,' the statement added. The agreement was signed last week on the sidelines of the World Bank Spring Meetings in Washington DC, according to the statement. The agreement was signed by Minister of Planning and International Cooperation Zeina Toukan and Andrea Hauser, Member of the Management Committee of KfW Development Bank. Christine Toetzke, Director-General at the Federal Ministry for Economic Cooperation and Development in Germany, was quoted in the statement as saying at the signing ceremony, 'The Hashemite Kingdom of Jordan is a close partner to Germany. The Government of Germany commends the ambitious Jordanian reform agenda and the commitment of the Jordanian government and its people to hosting as many refugees from the region.' © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (
Jordan Times
27-04-2025
- Business
- Jordan Times
Germany pledges €200 million loan to support Jordan's economic reforms
Minister of Planning and International Cooperation Zeina Toukan (right) and Andrea Hauser, Member of the Management Committee of KfW Development Bank (centre), sign a €200 million concessional loan to Jordan on the sidelines of the World Bank Spring Meetings in Washington DC (Photo courtesy of KfW Development Bank) AMMAN — The German government has announced a €200 million concessional loan to Jordan, aimed at helping the country address economic challenges driven by regional conflicts and reinforcing the Jordanian government's comprehensive reform agenda. 'The concessional loan will help Jordan to navigate through economic challenges that are caused by the conflicts in the region,' a statement from the German Embassy in Amman said. 'Germany continues to support Jordan's economic, political and private sector reforms,' the statement added. The agreement was signed last week on the sidelines of the World Bank Spring Meetings in Washington DC, according to the statement. The agreement was signed by Minister of Planning and International Cooperation Zeina Toukan and Andrea Hauser, Member of the Management Committee of KfW Development Bank. Christine Toetzke, Director-General at the Federal Ministry for Economic Cooperation and Development in Germany, was quoted in the statement as saying at the signing ceremony, 'The Hashemite Kingdom of Jordan is a close partner to Germany. The Government of Germany commends the ambitious Jordanian reform agenda and the commitment of the Jordanian government and its people to hosting as many refugees from the region.'
