Beijing, September 01, 2021

AIIB’s First Investment in Jordan Supports Climate Resilient Economic Growth

USD250 million investment to also address unemployment stemming from COVID19

AIIB will help Jordan recover from the pandemic by capitalizing on emerging opportunities in green growth, private sector investment and female labor participation.

The Asian Infrastructure Investment Bank’s (AIIB) Board of Directors has approved a USD250-million investment in Jordan to accelerate economic recovery from the COVID-19 pandemic. AIIB’s first loan to Jordan is expected to create more jobs by capitalizing on the economy’s potential, especially its green growth opportunities.

According to recent national statistics, Jordan’s real GDP contracted by around 1.6 percent in 2020 due to the pandemic. Unemployment soared to 24.7 percent and poverty increased by an estimated 40 percent in the earliest stage of the health crisis.

Totaling USD1.2 billion and cofinanced with the World Bank, the Inclusive, Transparent and Climate Responsive Investments Programme-for-Results (PforR) project supports Jordan’s ongoing reforms initiated under the Five-Year Reform Matrix. The reforms are aimed at strengthening systems to deliver well-targeted public investments, including public-private partnerships and addressing major challenges to the country’s competitiveness. In both cases, the program supports the greening of investments.

“Investing in green infrastructure creates jobs and economic value,” said Konstantin Limitovskiy, AIIB Vice President, Investment Operations (Region 2). “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.”

In August, AIIB held a high-level roundtable with Jordanian public and private sector officials to discuss investment strategies to support the growth of the country’s transport sector. The discussion was part of AIIB’s ongoing engagement with its members in the Middle East and North Africa region as it prepares for its Annual Meeting in October hosted by the United Arab Emirates.

 

About AIIB

The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank whose mission is financing the Infrastructure for Tomorrow—infrastructure with sustainability at its core. We began operations in Beijing in January 2016 and have since grown to 103 approved members worldwide. We are capitalized at USD100 billion and Triple-A-rated by the major international credit rating agencies. Working with partners, AIIB meets clients’ needs by unlocking new capital and investing in infrastructure that is green, technology-enabled and promotes regional connectivity.

Logos for Download

AIIB logo is available in JPEG and PDF format.

DOWNLOAD

Media Contact

Lingxiao He

Press Officer

+86 10 8358 0683

SEND AN EMAIL
More News Articles

Beijing, April 01, 2025

AIIB Statement on Myanmar and Thailand Earthquake

The Asian Infrastructure Investment Bank (AIIB) expresses its sincere condolences to all those affected by the recent earthquake in Myanmar and Thailand.

READ MORE

Beijing, March 31, 2025

AIIB Launches 2025 Presidential Election

The Asian Infrastructure Investment Bank (AIIB) has opened the nomination process for the election of its next president. The election will be conducted at the 10th Annual Meeting of the Bank’s Board of Governors on June 24-26, 2025.

READ MORE

Beijing, March 24, 2025

Registration Now Open for the 2025 AIIB Annual Meeting

The Asian Infrastructure Investment Bank (AIIB) is pleased to announce that registration is now open for the Tenth Annual Meeting of the Board of Governors on June 24-26, 2025, in Beijing, China—home to AIIB’s Headquarters.

READ MORE

Vienna, March 13, 2025

AIIB, IFC Join Forces to Support Green Energy Transformation in Central and Eastern Europe

Kommunalkredit Austria AG (Kommunalkredit), a recognized leader in infrastructure financing, is issuing a €200 million bond with the International Finance Corporation (IFC)–a member of the World Bank Group–and the Asian Infrastructure Investment Bank (AIIB) each investing up to €100 million. This collaboration will help accelerate the green energy transition in Central and Eastern Europe (CEE) and Türkiye, with a focus on renewable energy projects, particularly wind power, as part of the region’s broader commitment to decarbonization.

READ MORE