September 25 2022 10:16 AM E-paper Subscribe Sign in My Account Sign out

Jordan, Japan sign a $100 million loan to support state budget

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(Photo: Embassy of Japan in Jordan / Facebook)



AMMAN — Minister of Planning and International Cooperation Nasser Al-Shraideh, Japanese Ambassador to Amman Shimazaki Kaoru, and Resident Representative of JICA Office in Amman Chie Mihara signed, Monday, memorandum of understanding between the Jordanian and Japanese governments under which the Japan International Cooperation Agency will grant a $100 million loan to support the general state budget, address the economic and development challenges facing the Kingdom, and enhance social protection.اضافة اعلان

According to a press statement by the ministry, today, the signed loan is part of a total loan of $300 million, which was requested from the Japanese government to support the budget, following the London conference, which was held in 2019.Al-Shraideh said this loan is the fifth that has been provided by the Japanese side to support the general budget since 2014. The loan will contribute to covering the expenditures of the general budget.

He stressed that the provision and sustainability of foreign aid to Jordan reflect the extent of respect and appreciation by the international community for Jordan and its regional and global role under the leadership of His Majesty King Abdullah II, in addition to the understanding of international bodies and donors of Jordan's development needs, the size of the challenges and burdens it faces and their impact on Jordan.

He pointed to the influences of the Syrian crisis and the global challenge resulting from the outbreak of the coronavirus epidemic on various sectors.

Al-Shraideh expressed his thanks and appreciation to the government and people of Japan for the continuous support to the Kingdom.

Al-Shuraida praised the role played by the Japanese government and its various institutions in supporting many urgent development programs in the Kingdom. During 2021, the Japanese government provided two grants worth about $27.4 million, to finance rehabilitation of the Zai water supply station and strengthen the security system.

For his part, Japanese Ambassador Kaoru expressed his hope that the new loan would contribute to supporting the Jordanian government’s development efforts and help in early recovery from the economic impact of the pandemic on the Kingdom.  

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