jordan conclude agreement with islamic development bank
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

After agreement with Germany

Jordan conclude agreement with Islamic Development Bank

Arab Today, arab today

Arab Today, arab today Jordan conclude agreement with Islamic Development Bank

Jordan conclude agreement with Islamic Development Bank
Amman - Arabs Today

Jordan and the Islamic Development Bank signed a 100 million U.S. dollars agreement to support the state budget, the Ministry of Planning and International Cooperation said Thursday. Around 79 million U.S. dollars are in the form of soft loans, while the rest is a grant, Minister of Planning and International Cooperation Emad Fakhoury said in a statement.
The deal will help support Jordan amidst a turbulent region, said Fakhoury, adding that Jordan was greatly affected by the crisis in Syria which resulted in the influx of some 1.3 million Syrian refugees into the Kingdom. The Syrian refugees, he said, place a heavy pressure on Jordanian resources and infrastructure and increase economic and financial challenges on the kingdom.
Several health projects will be supported under the deal to reduce pressure on the sector. Since 1970 to date, the Islamic Development Bank provided Jordan with 1.8 billion U.S. dollars in grants and loans to Jordan.
The minister voiced appreciation to the bank, which he said played a key role in supporting the Kingdom overcome challenges. He added that the aid to Jordan follows the London Conference for donor countries in 2016 when the donor community pledged to provide aid to the Kingdom in cash assistance and other forms of support.
The agreement comes days after the agreement concluded between Jordan and Germany on Monday for grants and soft loans to support development projects in the Kingdom.  With the German support totalling 107.5 million euros, Minister of Planning and International Cooperation Imad Fakhoury noted that 83.5 million euros are earmarked as grants, while around 24 million euros will be provided as soft loans to support a number of development schemes. 
Noting that the new agreements are part of Germany’s support to the Jordan Response Plan and a follow up on its London Conference commitments, Fakhoury expressed Jordan’s gratitude to the government and people of Germany for their “continuous and generous support to the Kingdom to assist it in its development efforts and to help address some of the challenges arising from the influx of Syrian refugees”.
“We strongly value the commitment and pledges made by Germany as the co-host of the London and Brussels conferences. We are grateful for the way they translated their pledges into actual commitments on the ground,” the minister said. He also voiced appreciation for Germany’s additional support to Jordan as a result of the Brussels Conference. 
About 191.3 million euros were announced as additional support to Jordan’s Executive Development Programme, the Jordan Response Plan and other development priorities, including 150 million euros to support the water sector in cooperation with the the KfW, the German government-owned development bank, according to the minister. 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

jordan conclude agreement with islamic development bank jordan conclude agreement with islamic development bank

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

jordan conclude agreement with islamic development bank jordan conclude agreement with islamic development bank

 



GMT 15:42 2017 Saturday ,01 April

14 militants killed in air raids in Egypt's Sinai

GMT 01:54 2018 Tuesday ,02 January

Halep, Sharapova off to flying 2018 starts

GMT 01:42 2017 Monday ,19 June

PIA Lahore-Muscat service to be launched

GMT 14:36 2016 Monday ,12 December

Yemeni security forces dismantle car bomb in Aden

GMT 09:45 2018 Wednesday ,28 November

Pleasant to relatively cold conditions

GMT 09:50 2017 Wednesday ,13 December

Syrian governmental troops bombarded eastern Ghouta

GMT 08:09 2017 Thursday ,18 May

Italian cultural week at Bait Al Zubair

GMT 23:26 2016 Wednesday ,05 October

Sisi, Bashir inspect arms of 2nd Field Army

GMT 01:02 2017 Monday ,20 November

After fall of last town, IS loses grip over Iraqis

GMT 18:36 2017 Sunday ,03 September

Libyan army clashed with ISIS militias in Sirte

GMT 20:46 2017 Wednesday ,04 October

Trump says he has 'total confidence' in Tillerson

GMT 11:34 2017 Friday ,28 April

CBB treasury bills subscribed

GMT 08:28 2016 Friday ,30 September

US-Russia talks on verge of ending

GMT 02:42 2017 Thursday ,26 January

Trio wins Nobel Chemistry Prize for DNA repair work
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday