Jordan signing $650 million grant, loan deals this month

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Canadian Foreign Affairs Minister John Baird meeting with Jordan’s Foreign Minister Nasser Judeh last month.During his trip to Jordan, Baird announced Canada’s contributions toward efforts to aid Syrian refugees, including $1.5 million in humanitarian assistance to the UN World Food Programme to feed Syrian refugees, including those in Jordan; $2 million in medical supplies for Syria to enable more responsive and better treatment of Syrians in need of urgent medical care; and $6.5 million to help meet Jordan’s needs in responding to the crisis. Photo – Foreign Affairs and International Trade Canada

Jordan will sign grant and loan deals worth $650 million this month with the United States and several European countries, the state-run Petra news agency reported on Wednesday.

Jordan’s Minister of Planning and International Cooperation Jafar Hassan said the grants and loans will support the state treasury and the implementation of development projects in different fields.

About $200 million will be used to support the state budget, while another $200 million will be utilised for finance projects in fields of water, education, labour and energy, the minister said, adding that the rest will be used to support the state budget and other projects.

The projects that the money will be used to support are those which Jordan needs to implement to reduce challenges and burdens it faces in different sectors, the minister explained.

On Arab grants, Hassan said that Jordan did not receive any support from the Arab states so far, and hoped that some urgent action will be taken to assist Jordan which is going through difficult economic conditions.

Meanwhile, Jordan and the German Development Bank signed a €30 million ($39 million) grant agreement to finance water projects.

The Kingdom and the bank also signed an €8.5 million ($11.1 million) grant to provide the Syrian refugees in Jordan with water and reduce pressure on water resources due to the influx of Syrians to Jordan.

According to officials figures, there are more than 180,000 Syrian refugees in Jordan.

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