Jordan and the World Bank finalized agreements for $850 million in funding during the World Bank Group and the International Monetary Fund's 2025 Spring Meetings. These funds are earmarked to stimulate economic growth, bolster social protection measures, and foster innovation within the country.
The approved projects aim to broaden social protection coverage, enhance digital services, and support start-ups by improving access to early-stage financing. These initiatives are designed to encourage private sector-led growth, ultimately contributing to increased job creation.
This financial support aligns with Jordan's Economic Modernisation Vision, which seeks to build resilience against economic shocks, improve living conditions, and promote inclusive growth. Key components of the funding include a $400 million Development Policy Financing Programme to unlock investment opportunities, a $50 million Jordanian Innovation Start-ups Fund (ISSF 2.0) to scale up early-stage investments, and a $400 million Resilient and Sustainable Social Protection Programme to enhance Jordan's capacity to respond to economic challenges.
The World Bank's support is anticipated to significantly impact Jordan's economy by fostering job creation and improving social welfare. The focus on innovation and private sector growth is considered crucial for ensuring long-term sustainability and resilience.