Washington, 25 April, 2025 – The Minister of Planning and International Cooperation Zeina Toukan, signed a new financing agreement with the World Bank for the amount of $1.1 billion as part of the ongoing World Bank and International Monetary Fund Spring Meetings in Washington. The aim is to assist Jordan in achieving its Economic Modernization Vision and building socioeconomic resilience. This funding encompasses multiple projects aimed at promoting inclusive growth, job creation, supporting startups and small and medium enterprises, and expanding social assistance.

The Minister of Planning and International Cooperation, remarked, “This new financing reflects our continued partnership with the World Bank to promote economic opportunities, enhance social protection, and strengthen Jordan’s innovation and clean energy agenda as per the development priorities under the Economic Modernization Vision.”

“Jordan continues to demonstrate commitment to advancing critical reforms to build a more competitive, inclusive, and resilient economy,” said Jean-Christophe Carret, World Bank Division Director, Middle East Department. “These new programs reflect a comprehensive approach - supporting private sector-led investment, entrepreneurship, social protection, and energy transition - that is critical to achieving sustainable growth.” 

The financing includes the Jordan Growth and Competitiveness Development Policy Financing, which amounts to $400 million. This financing seeks to unlock investments, boost exports, and strengthen job creation, particularly for youth and women. Additionally, the Innovative Startups and SMEs Fund 2.0, with a budget of $50 million, aims to enhance early-stage equity financing for high-growth startups in key sectors such as ICT, fintech, greentech, and healthtech.

Finally, the Resilient and Sustainable Social Protection Program, funded with $400 million, is designed to improve Jordan’s capacity to respond to shocks while enhancing support for the most vulnerable populations.