Amman, June 19 (Petra) — The Ministry of Planning and International Cooperation has signed three grant agreements with the German Development Bank (KfW) totaling €35 million, to implement the “Employment through Local Entrepreneurship” project.

The agreements were signed in the presence of German Ambassador to Jordan Bertram von Moltke, and KfW’s Country Director, Matthias Schmidt-Rosen, who represented the bank.

Minister of Planning and International Cooperation Zeina Toukan expressed Jordan’s appreciation for Germany’s ongoing commitment to supporting national development goals. She described the grants as a meaningful step forward in the strategic partnership between the two countries.

According to Toukan, the project will empower micro, small, and medium-sized enterprises (MSMEs), improve access to finance, and promote a more inclusive entrepreneurial environment, particularly by supporting women’s economic participation, in line with the Kingdom’s Economic Modernization Vision.

Schmidt-Rosen emphasized Germany’s strong commitment to private sector development in Jordan, noting that the grant will help MSMEs grow, generate sustainable employment opportunities, and strengthen women’s role in the economy.

//Petra// WH
19/06/2025 11:24:15