AMMAN — Jordan and Germany on Wednesday signed a 75 million euro financing agreement to support the "Modernisation for Growth" programme.

 

The agreement was signed by Minister of Planning and International Cooperation Zeina Toukan and Maike Lerch-Simross, Senior Portfolio Manager at the German Development Bank (KfW), according to the Jordan News Agency, Petra.

 

Toukan expressed appreciation for Germany’s continued support, noting that the financing will enhance the private sector’s regulatory framework and strengthen Jordan’s economic competitiveness in line with the Public Sector Modernisation Roadmap and the Economic Modernisation Vision.

 

German Ambassador to Amman Bertram von Moltke reaffirmed his country’s commitment to supporting Jordan’s reform efforts, commending the Kingdom’s ambitious plans for public sector transformation.

 

"Germany is proud to be among the leading supporters of this ambition," he said, announcing that the first tranche of funding will soon be disbursed.

 

He added that strengthening the public sector is essential to building a more resilient and dynamic economy, highlighting the importance of sustained collaboration between the two countries.