Jordan, US sign $845.1 million grant agreement to support Kingdom’s budget

Left to right: Acting USAID mission director Margaret Spears, US Ambassador to Jordan Henry Wooster, Prime Minister Bisher Al-Khasawneh, and Minister of Planning and International Cooperation Zeina Toukan. (Photo: Petra)
AMMAN — Prime Minister Bishr Al-Khasawneh attended on Sunday, at the Ministry of Planning and International Cooperation, the signing of the annual US grant agreement to support the budget, amounting to $845.1 million, according to several media outlets. اضافة اعلان

The agreement was signed between the Planning Ministry and USAID.

The grant is part of the US economic assistance program to the Jordanian government under the third memorandum of understanding between the two sides for the years 2018–2022.

During the signing ceremony, the prime minister stressed the depth of the strategic partnership between the two countries, and the importance Jordan attaches to developing its partnership with the US in various fields of cooperation.

He also expressed Jordan’s appreciation for the US support, which reflects US’ understanding of the magnitude of the challenges the Kingdom is going through, and its support for the comprehensive modernization project.

The agreement was signed on behalf of the Jordanian government by Planning Minister Zeina Toukan, and by acting USAID mission director Margaret Spears; attending the ceremony were Deputy Prime Minister for Economic Affairs and Minister of State for Public Sector Modernization Nasser Al-Shraideh, Minister of Finance Mohamed Al-Ississ, and US Ambassador to Jordan Henry Wooster.

Toukan said that under the agreement, the US government will transfer the direct cash support grant to the public Treasury account during the current month of November, and stressed that this grant contributes to financing priority development projects in the public finance, water, education, public works, and housing sectors.

The US ambassador to Amman said: “The US will work with the government and people of Jordan to stimulate the Kingdom’s economic recovery, enhance water security, and provide the education, health care, and job opportunities Jordanians need to build a more stable and prosperous future.”

Spears said that “what we have achieved together has been built on a strong and lasting relationship between our two countries, based on mutual respect, commitment, and follow-up”.

The government signed in September a new memorandum of understanding with the US for a period of seven years, covering the period (2023–2029); according to the agreement, the US will provide $10.15 billion total aid during this period, at an annual rate of $1.45 billion, starting with 2023. This represents an an increase in the annual aid volume of $175 million compared to the sum provided under the previous memorandum of understanding.

It will help government efforts to move forward with the implementation of the economic modernization vision and the public sector modernization map.

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