Jordan will receive $1.1 billion from the World Bank to support economic reforms, create job opportunities, and expand social protection as the country battles ongoing financial challenges.
The aid package is part of a wider push to help Jordan modernise its economy and shield vulnerable groups from the effects of rising debt and unemployment.
The funding covers four major projects aimed at supporting small businesses and start-ups, improving access to social support, and encouraging sustainable energy efforts. The focus is on encouraging growth that includes all sectors of society, particularly youth, who have been hit hardest by economic hardships.
Jordan’s public debt recently rose to over 117% of its GDP, a sign of the mounting pressure on its economy. Unemployment has remained a persistent problem, with over 22% of the population out of work in 2023. Young people are facing even tougher conditions, with nearly half of them unable to find jobs.
The World Bank says its new package is part of a broader plan to build resilience in Jordan’s economy. The aim is to help the country recover from recent global shocks and strengthen its ability to weather future crises. Projects under the program are designed to attract private sector investment, boost entrepreneurship, and transition the country toward cleaner energy sources.
Officials say the investment reflects international confidence in Jordan’s reform efforts and commitment to building a stronger economic future. By focusing on job creation, social support, and clean energy, the country hopes to move toward long-term, stable growth that reaches all layers of society.