$ 750 million to support development projects in Jordan …
The Arab Fund for Economic and Social Development has announced its new strategy, which reflects a fundamental change in developmental financial policies and the rehabilitation of its task, as Jordan’s choice has been a first archive exceeding $ 3 billion for an exceptional partnership in this view.
Dr. Mirza Hassan, the first adviser to the Director of the Arab Fund for Economic and Social Development, told the Jordan News Agency (Petra) through Zoom, confirmed that it was an ambitious strategy to determine its growth priorities for the coming years.
He stressed that the funds are seeking to expand the amount of funds, as the fund will be allocated for about $ 750 million for Jordanian projects in the coming years.
Pasted by a team of Arab and Jordanian experts for a full year, this strategy is aimed at turning emergency growth challenges in the region, with special attention to the backbone of the Arab economy and turns emergency growth challenges in the region.
Jordan has a clear economic view
Hasan pointed out that Arab financial decided to implement this strategy in Jordan for this purpose, and that Jordan has a clear view of economic trends, as it has shown a positive connection with the economic, political and administrative reforms that the country has seen in recent years.
He explained that there is an accurate analysis of the Jordanian economy and that a major strategy is based on the publications of a diagnostic study conducted with international and local corporations.
He added that arab Fund is a Considered One of the Areas of Development Jordanian Economy and that Jordan is a Fertile Environment Projects, Thanks to the Administrative and Economic Reforms It Implements and Consistent Maj. Projects, Explaining the Need To Move With More Reforms
5 key sectors to support the national economy
The process of reconstruction, which has taken a full year’s study and analysis, is aimed at transforming this fund into a more powerful and effective development agency, which is capable of retaining speed with the economic and social challenges faced by the Arab states, is focused on the new strategy, “water, energy, roads, communication, education and health and health.”
These sectors face great challenges in the Arab world, including the worst water crisis and increased energy requirement, especially the creation of renewable energy, road and communication infrastructure and improve the quality of education and health care.
In a move aimed at providing drinking water to most of the necessary areas in Jordan, Hassan insisted that the project was a need for the Arab financial focus on the “National Water Transfer” project aimed at transporting saline water from Akaba to Amman and that the project is needed to cooperate in the relevant officials, especially in mild mountain areas.
The energy sector, especially renewable energy, is another priority for the fund, as Jordan must develop standard energy plans to support its increasing energy requirements, and include the tasks of financing solar energy projects and wind power, which is one of the most promising fields of the kingdom.
He pointed out that in the next step, he pointed out that the education and health departments would get special attention, and that in the context of improving the infrastructure in Jordan, there would be focus on the construction of new hospitals and medical centers, including the establishment of new hospitals and medical centers.
Hassan noted that there is a need to build many schools in Jordan, in addition to the education sector, and emphasized that the federation of new educational facilities will contribute greatly to the development of this sector, by providing the necessary funds and providing innovative solutions to the stable school administration.
Since cooperation between the public and private sector will be strengthened in the implementation of major development programs, the private sector will play a key role in implementing the strategy of the fund, and the Arab fund will be provided with the convenient funding for these projects, guaranteeing private sector funding and promoting investments in key sectors.
Despite the economic and regional challenges, Jordan has great opportunities in various sectors, and the Jordanian private sector has unique human and creative skills, which improves the growth of the national economy.
Jordan has a clear economic view
Hasan added that many Jordanian companies have succeeded in going to international markets, reflecting the success of the Jordanian market.
He emphasized that the new strategy of the Arab Fund for Economic and Social Development refers to an important step in the Arab world, especially in Jordan.
He said that the success of this strategy would be based on the cooperation between the public and the private sector and that the funds would continue to meet the needs of the Arab countries in the economic and social development sectors to improve the living conditions of all Arab citizens.
Hassan pointed out that the funding would rely on innovative financial methods, including ease of financing key projects and creating strategic alliances with the private sector, as well as to promote the cooperation of international funds and banks.
He explained that the Arab Fund will reduce the risks faced by investors in the Jordanian market, especially in the higher -Risk sectors, providing some guarantees that promote the entry of private investment, and that these companies will help these companies will help reduce barriers and expand and grow in new markets.
On the other hand, Hasan appreciated the best humanitarian role played by Jordan in hosting refugees, considering that this role is an exemplary at the international level.
He emphasized that the fund will support Jordan in dealing with the challenges of hosting refugees through the integrated set of development projects aimed at improving economic flexibility and creating an infrastructure that is capable of facing increased pressure.
Considering that Jordan is considered a qualified environment in many key sectors such as energy, health and education, he pointed out the future view of the fund, which includes improve regional economic coordination.
The new strategy of the fund is aimed at turning the challenges into real growth opportunities, focusing on creating sustainable jobs and promoting young people and women in the labor market.
The flexibility of the Jordanian economy leads to stable growth in violation of regional challenges
In the expectations of the funds for economic growth in the Arab region, in the event of uncertainty and decline in most of the Arab countries, global fluctuations are placed in the region, emphasizing that the Jordanian economy has proved resistance to its efficiency, flexibility and economic challenges, which is very low in the countries of the region.
This growth orientation regional of the Arab Fund comes at the time of major economic changes, as this fund is focused on creating strategic alliances to various Arab countries to provide a modern development model for stable development and is looking for resources to achieve the impact of the impact. Pethra
