417 captures
21 Dec 2011 - 20 Dec 2012
About this capture
Sign Up
About us
Contact us
Maan residents gather in solidarity with former mayor
Homepage >
Business >
article details
German Development Bank KfW backs Jordan by over 1b euros during 50 years
Reported by JT | Dec 21,2011 | 00:05
Amman — Marking the 50th anniversary of cooperation with Jordan, the German Development Bank KfW announced on Tuesday in a press release that more than one billion euros have been committed over this period to a wide variety of different projects and programmes.
Saleh Kharabsheh, secretary general of the Ministry of Planning and International Cooperation, said in the press statement: “Jordan has benefitted a great deal not only from the financial support but also from Germany´s knowledge and ingenuity.”
Since 1961 KfW Entwicklungsbank committed more than 20 million euros to Aqaba Port. Within five decades, the support Germany extended to Jordan via KfW Entwicklungsbank touched nearly every sector.
“Next to transport and infrastructure there has always been concern for education, poverty reduction and a whole range of other development issues,” the press release indicated.
About ten years ago, KfW — in line with the German government’s policy — put a special emphasis on water and sanitation. Of the 300 million euros comprising the current KfW portfolio in Jordan, about 250 million euros are dedicated to water related development efforts.
Right now the German Development Bank is investing 40 million euros in an extensive school construction programme.
After finalisation of the project, 650 new classrooms will serve more than 20,000 students, mainly in poor areas.
Related Articles
Add your Comments



Email to a friend
Print version
Plain text
Jordan, Bahrain play in Pan-Arab Games final
Jordan will play for gold when they meet Bahrain in the football competition at the Pan-Arab Games in Doha on Friday. Full story
What's on
Set as homepage
Add to favorites
HomeLocalBaptism Site revenues drop by 30% Fuheis Christmas tree lit Prince Hassan attends Havel’s funeral Eight hospitalised for gas inhalation JPA objects to manner of Maaytah’s departure from Al Rai Police disperses Islamist protesters ‘attempting to storm Prime Ministry’More...RegionWest Bank Christians pray for threatened valley ‘A woman’s touch evident in Arab Spring’ Egypt Islamists continue gains in 2nd round voteSatire flourishes in Syria as violence intensifies ‘No room at the inn’ as Bethlehem celebrates Christmas Egypt Islamists continue gains in 2nd round voteMore...WorldKremlin panel urges new polls, firing of election chief Pakistan PM welcomes army statement on coup rumours Kremlin panel urges new polls, firing of election chief More...BusinessToyota eyes 20 per cent global sales growth in 2012‘2011 will carry highest economic losses in history’Economists dispute 2012 draft budget lawToyota eyes 20 per cent global sales growth in 2012More...Sports12th Pan-Arab Games wraps up12th Pan-Arab Games wraps upMore...FeaturesJourney of faith brings Swiss pilgrims to JordanMore...LettersA matter of perception More...OpinionWhat's On