France To Provide Jordan With 250 Million Euros In Soft Loans

France To Provide Jordan With 250 Million Euros In Soft Loans

AMMAN, Dec 19 (NNN-PETRA) – France signed some agreements with Jordan, agreeing to provide the latter with a total of 250 million euros (277 million U.S. dollars) in soft loans.

The soft loans will be used to develop the judiciary and water sectors, and reconstruct the sewage system in Balqa governorate, said Jordan’s Ministry of Planning and International Cooperation.

The first agreement entails a soft loan of 150 million euros, to fund the development of the water sector.

A sum of 40 million euros will be directed to improve the justice sector through the general budget, and the sum will be disbursed in three batches over the period from 2020 to 2022, according to the statement.

The third agreement entails funding a sewage project in northeastern Balqa, with 60 million euros, aiming to increase the sewage collecting and treatment capacity.

Jordan’s Planning and International Cooperation Minister, Wissam Rabadi, voiced the government’s appreciation of France’s continuous support to important sectors in Jordan.– NNN-PETRA

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