World Bank approves US$100 million in financing to create 100,000 jobs for Jordanians

The long-term loan, almost interest free by World Bank of $100 million loan to Jordan for job creation, comes after Lebanon was also awarded $100 million to ensure universal school enrolment for Lebanese and Syrian refugee children by 2017.

In an attempt by the international community to improve conditions for refugees in overburdened regional host Jordan will get a cheap $100 million loan to help create 100,000 jobs for Syrian refugees and its own citizens. World Bank to support Swachh Bharat Mission. More than 4.8 million Syrians have fled their country since the start of the Syria conflict in 2011. Jordan hosts about 640,000 registered Syrian refugees and Lebanon more than 1 million. 

Jordan has allotted Special Economic Zones(SEZs) where it hopes improved trade arrangements with Europe will lead to greater investment and eventually more jobs.
World Bank approved $250 million loan to Support Electricity Distribution Sector Reforms in Rajasthan. This will help the Rajasthan in improving the performance of its electricity distribution sector under the State’s 24×7 Power for All programs associated with state electricity policy.

The loan, from the International Bank for Reconstruction and Development (IBRD), has a 5-year grace period, and a maturity of 18 years Support Loan for Electricity Distribution:

Extra info:

  • Financial restructuring and recovery in the sector through transferring considerable amount of the debt of the DISCOMs to the state.
  • Take along in more discipline in DISCOMs submissions to regulatory commission towards revenue requirements and initiatives towards reducing the costs of energy procurement.
  • World Bank
  • World Bank GroupPresident: Jim Yong Kim
  • Headquarters:Washington, D.C. United States
  • Founded:1944

So let do:
Who is the World Bank President? 
World Bank approved _______ loan to Support Electricity Distribution Sector Reforms in Rajasthan.? 

Source – The Hindu


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