Embassy of Jordan - Washington, DC
Information Bureau

FOR IMMEDIATE RELEASE

Jordan Signs Development Agreement with World Bank

Washington, DC, Jan. 19.— The Government of Hashemite Kingdom of Jordan and the World Bank signed, , “The Regional and Local Development Project” agreement on Thursday January 18th at the World Bank headquarters in Washington, DC.

The agreement is an important development in the pursuit of strengthening the capacity of Jordan’s Ministry of Municipal Affairs in order to regulate the development of local and regional interests more effectively. The agreement goes further in establishing a Municipal Sector database and restructuring the Cities and Villages Development Bank (CVDB).This move also aims to strengthen and further develop analytical tools, documentation systems, procedures, and credit analysis in the area of regional and local development.

The government of Jordan regards this agreement as integral to its development goals and proactive reform efforts and sees it as testimony to the strong ties Jordan enjoys with the World Bank.