Jordan Kuwait Middle East Saudi Arabia UAE World News

Gulf states pledge $2.5 billion aid package to Jordan- Video

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.

Advertisements

0 comments on “Gulf states pledge $2.5 billion aid package to Jordan- Video

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s

%d bloggers like this: