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Marubeni Corporation Signs Yen Loan Agreement for Jordan: Financial Assistance Will Help Strengthen Human Capital and Improve Financial Situation | News & PR

Posted on 2024-11-252024-12-10 by Editor in Chief

The Japan International Cooperation Agency (JICA) signed a Loan Agreement (L/A) with the Government of the Hashemite Kingdom of Jordan on November 24, 2012, in Amman, the capital of the Hashemite Kingdom of Jordan, for the “Program Loan for Enhancing Social Sector Resilience and Human Capital Development. The loan will be used to support the development of the social sector and human capital.

Signing Ceremony

Project Summary

Project Name

Program loans for improving social sector resilience and developing human capital

The Program Loan for the Resilience Enhancement for the Social Sector and Human Capital Development

Country (region covered)

Hashemite Kingdom of Jordan

(throughout the Hashemite Kingdom of Jordan)

Business Objectives

Through financial assistance to the Jordanian government, this project will maintain and strengthen human capital and improve the resilience of the social sector, thereby contributing to the promotion of Jordan’s socio-economic stability and development efforts.

Business

This project will provide financial support in the form of co-financing to the Jordan Human Capital Program, which was established between the Jordanian government ministries and the World Bank, in the two areas of “Improving Social Sector Governance” and “Promoting Household Resilience to Climate Change Shocks,” and will support related policy and institutional improvements and their steady implementation. The program is designed to support the improvement of related policies and institutions and their steady implementation.

Loan amount (maximum)

16,000 million yen

Interest Rates

Main body: 1.8%.

Redemption period

25 years (including 7 years of deferment)

Procurement Conditions

General untied

Implementing Agency

Ministry of Planning and International Cooperation, Jordan

Contribution to the achievement of the SDGs

Goal 3 (health and well-being for all)

Goal 4 (quality education for all)

Goal 8 (both job satisfaction and economic growth)

Schedule for future project implementation (tentative)

Scheduled completion of the project: December 2024 (completion of the project upon the execution of the loan)

  1. expected date of sending invitation for consulting services (detailed design, etc.): No consulting services are planned to be provided under this project.

Public announcement of bids for the first package of international competitive bids for the main body of work: No work with bids is planned for this project.

The project is co-financed with the World Bank (expected loan amount: $300 million) and will be implemented in close collaboration with the World Bank.

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© Source JICA

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