Hashemite Kingdom of Jordan

Emergency Program to Ward Off the Effects of the Corona Pandemic

Loan No.:

679

Interest Rate:

2.0 %

Beneficiary:

Ministry of Planning and International Cooperation

Grace Period:

7 years

Project Cost:

KD 30.0 million

Maturity:

30 years

Amount of Loan:

KD 30.0 million

Repayment:

47 semi-annual installments

Date of Board Approval:

27/04/2020

First Installment:

7 years following the first disbursement

Date of Loan Effectiveness:

04/10/2020


Objectives:

The program aims at contributing to the efforts to ward off the effects of the Corona pandemic in Jordan, and the resulting negative repercussions in various sectors.

Description:

The program includes the provision of equipment, supplies, services for testing and treatment, as well as medicines and necessary goods. In addition to the provision of necessary support to institutions, companies, individuals and affected groups, and other necessary materials and services to reduce the negative effects of the Corona pandemic, as well as complete and support important projects and activities that will contribute to the compensation of the damage that the Jordanian economy is facing during this critical stage.

Financing:

The Arab Funds loan will fully cover the cost of selected components of the Emergency Program.


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