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UNDP holds workshop on innovative ways to strengthen Jordan’s sustainable development financing

By JT - Sep 25,2023 - Last updated at Sep 25,2023

AMMAN — The United Nations Development Programme (UNDP) in Jordan delivered a training workshop on innovative financing solutions that can help fast-track sustainable development projects and reduce Jordan’s debt. 

The training follows a consultation workshop on the initial findings of UNDP’s Development Finance Assessment, which identified Jordan’s financing needs and feasible opportunities for innovative sustainable development financing, according to a UNDP statement issued on Monday.

Commenting on the workshop, the UNDP’s Deputy Resident Representative, Majida Alasaaf highlighted the important role the workshop plays in identifying a comprehensive approach to help Jordan leverage development financing tools to achieve the strategic objectives of its Economic Modernisation Vision. 

She added that the workshop reflects UNDP’s deep commitment in helping Jordan address key development challenges effectively and efficiently.

The workshop gathered a wide range of senior representatives and technical experts from the government, banking and financial institutions, embassies, and other UN agencies. 

It provided an opportunity to explore a package of innovative instruments, which are designed to facilitate sustainable financing solutions while tackling Jordan’s rising levels of debt.

Amongst the most effective instruments highlighted at the workshop were debt for climate swap that Jordan can utilise to swap a significant portion of its external debt for projects aimed at addressing climate change challenges, as well as several types of green bonds that could leverage financing for green projects in priority sectors.  

 

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