ACC Loans Drive Agri Growth Amid Broader Economy

Agricultural Credit Corporation Boosts Jordan’s Agricultural Sector

The Agricultural Credit Corporation (ACC) has provided loans totaling JD 2.616 million to 295 borrowers as part of the Irrigated and Rainfed Agricultural Land Development and Exploitation Project in the first half of 2024. This financial support is a step towards enhancing Jordan’s agricultural sector, in line with the Economic Modernization Vision.

Progress is evident in various areas, including food security, rainwater harvesting, and agricultural infrastructure. Efforts include the establishment of a national food security database and the selection of 40 sites for rainwater harvesting. Additionally, a food trade and distribution company within the Southern Jordan Valley’s Agricultural Industries Complex has been completed.

The report also highlights the creation of agricultural alliances to promote contract farming and improve agricultural product safety and competitiveness. New guidelines for tracking plant and animal products aim to enhance agricultural marketing and global market access.

With these initiatives, Jordan is taking steps towards a more sustainable and prosperous agricultural future.

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