Arab Fund launches A Five-Year Country Partnership Strategy with Jordan, Charting A New Chapter in Development Partnership

The Arab Fund for Economic and Social Development signed today a Joint Declaration with the Hashemite Kingdom of Jordan, represented by H.E. Zeina Toukan, Minister of Planning and International Cooperation, marking the launch of Arab Fund’s 1st Country Partnership Strategy (CPS) to support Jordan’s economic resilience and promote inclusive growth. A KWD21 million loan agreement was signed marking the start of the Country Strategy.

The CPS encompasses a financing package of KWD211 million (about $690 million), that may increase to support Jordan’s resilience in response to unforeseen economic shocks. In addition, the Arab Fund will leverage its partnerships with other development partners, mobilizing more financial resources to implement the strategy.