DUBAI, June 11 (Reuters) – Saudi Arabia, Kuwait and the United Arab Emirates (UAE) pledged $2.5 billion of aid to Jordan on Monday, a joint statement from the Gulf states said, as austerity measures sparked massive protests in the country.
The package includes deposit in Jordan’s central bank, guarantees to the World Bank, annual budget support and development projects, the statement carried by the Saudi state news agency SPA added.
The Makkah communique provides guarantees to the World Bank for the benefit of Jordan.
The statement said the contributions contribute to supporting the Kingdom’s annual budget for the next five years.
The Makkah summit statement noted that funding for Jordan’s economic crisis comes from contributory funds for development projects in the Kingdom.