On Monday, the World Bank approved two new programs for Jordan that will provide $700 million in funding to strengthen the country’s education, health, and social assistance sectors. The first program, called MASAR (pathways in Arabic), will provide up to $400 million to equip Jordan’s children and youth with the necessary skills for the labor market and economic transformation. This program aims to improve the employability of young people in Jordan and help them take advantage of economic opportunities.
The second program, known as the Jordan Human Capital Program, will allocate $300 million towards enhancing governance and effectiveness in the social sectors. This program will support efforts to improve the quality of education, healthcare services, and social protection programs in Jordan. The funding provided by these programs will also support initiatives to promote gender equality and women’s empowerment in Jordan.
According to a statement from the World Bank, these initiatives are expected to have a positive impact on Jordan’s economy by promoting sustainable growth and improving human capital development. In addition to financial assistance, these packages include $7 million in grants, with the rest of the funds provided in the form of concessionary loans at lower interest rates than traditional loans.
World Bank spokesperson Nabeel Darweesh highlighted the importance of these programs in improving overall well-being and development in Jordan. “These programs aim to enhance our education system, improve healthcare services and promote sustainable economic growth,” he said. “By investing in human capital development today, we can ensure that future generations have access to better opportunities for learning, employment, and economic growth.”
