Amman, Aug. 3 (Petra) — The Food and Agriculture Organization of the
United Nations (FAO) and the Agricultural Credit Corporation (ACC)
today signed a cooperation agreement aimed at strengthening their
partnership to support the development of innovative and sustainable
financing mechanisms that contribute to enhancing Jordan’s agrifood
system.

The agreement is signed under the framework of the project “Local
financing solutions to support Jordan’s agrifood system
transformation,” funded by the Joint SDG Fund. The agreement
represents a key step in ongoing efforts to improve access to more
sustainable sources of finance for farmers, agricultural enterprises,
and rural communities across Jordan through the development of a
blended finance mechanism based on mobilizing multiple sources of
funding.

Working alongside national partners, FAO is designing and operating
this innovative financial mechanism to improve access to financial
services and strengthen the agricultural sector’s resilience to
growing economic and climate-related challenges.

The Agricultural Credit Corporation is a key partner in this
initiative, given its extensive experience in agricultural finance
and its commitment to supporting smallholder farmers. The two parties
have also successfully established a technical committee and laid the
institutional foundations necessary to implement the blended finance
mechanism efficiently and effectively.

The agreement aims to enhance access for smallholder farmers, women,
youth, and small and medium-sized agricultural enterprises to the
financial tools and opportunities needed to develop their businesses,
increase productivity, and strengthen their capacity to adapt to
economic and climate-related changes.

Paul Opio, FAO Representative a.i. in Jordan, said: “This agreement
marks an important step toward expanding access to sustainable and
inclusive finance in Jordan’s agricultural sector. Through our
partnership with the Agricultural Credit Corporation, we seek to
empower smallholder farmers, women, youth, and small and medium-sized
agricultural enterprises to access the financial tools they need to
grow and adapt to economic and climate challenges. We are confident
that this partnership will generate tangible and lasting impact in
support of agricultural development and food security in Jordan.”

Mohammad Dojan, Director General of the Agricultural Credit
Corporation, said: “This agreement reflects our shared commitment to
developing innovative financing solutions that support the growth of
the agricultural sector and strengthen its contribution to
sustainable development. Through our collaboration with FAO, we will
work to expand opportunities for farmers and agricultural enterprises
to access the finance they need to invest and grow, thereby
contributing to enhanced food security and improved livelihoods in
rural communities.”
Both parties emphasized that this agreement serves as a model for
effective collaboration between national institutions and
international organizations, contributing to tangible and sustainable
development impacts that support the growth of the agricultural
sector and reinforce food security and rural development in Jordan.

//Petra//