Amman, December 08 (QNA) – Jordan and Japan signed Thursday Memorandums of Understanding (MoU) for a $110 million soft loan provided by the Japanese government to support the general budget. This loan is as part of Japanese government’s pledges to the Jordanian government at the 2019 London Conference to provide total financing in the form of soft loans worth $300 million during 2021-2023.
The MoUs were signed by Jordanian Minister of Planning and International Cooperation Zeina Toukan and Ambassador of Japan to Jordan Jiro Okuyama.
The loan, which aims to provide support for the general budget, will be channeled to develop the energy sector, including the sustainability of the electricity supply and improving the sector governance. It also aims to contribute to the development of the national strategy for electric transmission, and the requirements of technical and advisory studies related to regional electricity interconnection in the sector, according to a statement by Jordanian Ministry of Planning and International Cooperation.
On the sidelines of the signing ceremony, a meeting was held with Japanese officials, during which they were briefed on key priorities within the executive program of the 2023-2025 vision in various sectors. The meeting also covered cooperation and common interests, and the importance of continuing research and discussion between the two sides to present priorities and projects that will be included in the program and ways to provide appropriate support for their implementation within specified time frames. (QNA)
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