Japan to provide $254 million grant to Jordan

Home Business Japan to provide $254 million grant to Jordan 21-12-2016 04:52 PM Ammon News - AMMONNEWS - The Jordanian government signed with its Japanese counterpart on Wednesday, a $254 million grant agreement to enhance the financial situation and support development policies to reform public services in the Kingdom. The agreement was signed by Minister of Planning and International Cooperation Imad Fakhoury and the Japanese Ambassador to Jordan Shuichi Sakurai and chief representative of the Japan International Cooperation Agency in Amman. Fakhoury said in a statement that the loan is the third that supports the general budget in order to address challenges that face the Kingdom due to the influx of a large number of Syrian refugees to the Kingdom. The loan he added, comes in light of His Majesty King Abdullah's visit to Japan last October. The minister praised Japan's continued support to Jordan as well as its understanding of the economic and social challenges facing the Kingdom due to hosting 1.4 million Syrian refugees. The Japanese ambassador stressed his country's commitment to provide support to the Kingdom in various domains, thus further boosting bilateral ties. According to official figures, Jordan has received assistance from Japan totaling $1.021 billion since 1999, $491.2 million of which are in the form of grants and the rest as soft loans.

Home Business

Japan to provide $254 million grant to Jordan

21-12-2016 04:52 PM

Ammon News - AMMONNEWS - The Jordanian government signed with its Japanese counterpart on Wednesday, a $254 million grant agreement to enhance the financial situation and support development policies to reform public services in the Kingdom.

The agreement was signed by Minister of Planning and International Cooperation Imad Fakhoury and the Japanese Ambassador to Jordan Shuichi Sakurai and chief representative of the Japan International Cooperation Agency in Amman.

Fakhoury said in a statement that the loan is the third that supports the general budget in order to address challenges that face the Kingdom due to the influx of a large number of Syrian refugees to the Kingdom.

The loan he added, comes in light of His Majesty King Abdullah's visit to Japan last October.

The minister praised Japan's continued support to Jordan as well as its understanding of the economic and social challenges facing the Kingdom due to hosting 1.4 million Syrian refugees.

The Japanese ambassador stressed his country's commitment to provide support to the Kingdom in various domains, thus further boosting bilateral ties.

According to official figures, Jordan has received assistance from Japan totaling $1.021 billion since 1999, $491.2 million of which are in the form of grants and the rest as soft loans.

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