The Asian Infrastructure Investment Bank (AIIB) has approved a $250 million investment in Jordan to accelerate economic recovery from the COVID-19 pandemic, largely by capitalizing on green growth opportunities.
“Investing in green infrastructure creates jobs and economic value,” said Konstantin Limitovskiy, vice president of investment operations at AIIB. “Jordan has been one of the most active countries in the region in adopting international climate change initiatives, including the Paris Agreement. Our support will assist the government’s drive toward a greener, more climate responsive and more competitive economy.”
According to national statistics, Jordan’s GDP contracted by around 1.6 percent in 2020 due to the pandemic, unemployment rose to 24.7 percent and poverty increased by around 40 percent.
