Ammon News - The OPEC Fund for International Development pledged to provide $170 million to Jordan for the years (2021-2022) for two projects that support facing challenges related to Covid-19 and enhancing emergency food security.

The OPEC Fund for International Development provided Jordan last year, with $70.5 million to help mitigate the social and economic impacts of Covid-19, as part of the Fund's commitment to allocate $1 billion to provide aid to developing countries worldwide to mitigate the effects of the virus.

The fund indicated that "the loan supports a project of the Jordanian government to provide 14,000 new job opportunities in the sectors of tourism, information technology, communications and health care."

Jordan and the OPEC Fund, announced last week an agreement to finance the emergency food security project in Jordan worth $100 million, signed by Nasser Shraideh, Minister of Planning and International Cooperation, and Abdul Hamid Al-Khalifa, Director General of the OPEC Fund.

The OPEC Fund, headquartered in the Austrian capital Vienna, was established in 1976 by the member countries of the Organization of Petroleum Exporting Countries (OPEC) with the aim of fighting poverty and hunger and supporting poor and developing non-member countries.