$4.4 million from World Bank to support Jordanian private sector's employment

Home Business $4.4 million from World Bank to support Jordanian private sector's employment 21-02-2023 10:49 AM Ammon News - The World Bank transferred $4.4 million to Jordan to finance part of a project that supports Jordan's support to stimulate employment and acquire skills in the private sector, according to data viewed by Ammon. According to World Bank data, the bank disbursed the first batch of funding for the "Jordan Support for Private Sector Employment and Skills" program last April, at a value of $280,000, and this month it also disbursed $4.4 million out of the total project budget of $112 million. On December 22, 2021, the World Bank decided to provide funding for the project, which will help the Jordanian government's efforts to encourage the private sector to develop employment opportunities for Jordanians. The "National Employment Program," which aims to support the private sector in the Kingdom in creating sustainable jobs at a time when many businesses are recovering from the initial effects of the Corona pandemic but are still hesitant to hire new employees, is included in Jordan's economic priorities plan for the years 2021–2023, according to the World Bank at the time. The unemployment rate for men went up from 17.7% in 2019 to 22.6% in 2020.

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$4.4 million from World Bank to support Jordanian private sector's employment

21-02-2023 10:49 AM

Ammon News - The World Bank transferred $4.4 million to Jordan to finance part of a project that supports Jordan's support to stimulate employment and acquire skills in the private sector, according to data viewed by Ammon.

According to World Bank data, the bank disbursed the first batch of funding for the "Jordan Support for Private Sector Employment and Skills" program last April, at a value of $280,000, and this month it also disbursed $4.4 million out of the total project budget of $112 million.

On December 22, 2021, the World Bank decided to provide funding for the project, which will help the Jordanian government's efforts to encourage the private sector to develop employment opportunities for Jordanians.

The "National Employment Program," which aims to support the private sector in the Kingdom in creating sustainable jobs at a time when many businesses are recovering from the initial effects of the Corona pandemic but are still hesitant to hire new employees, is included in Jordan's economic priorities plan for the years 2021–2023, according to the World Bank at the time.

The unemployment rate for men went up from 17.7% in 2019 to 22.6% in 2020.

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