Ministry expects to sign US grant agreement next month

(File photo: Jordan News)
AMMAN — The Ministry of Planning and International Cooperation said that the annual US grant agreement for the Treasury, worth $845 million, will likely be signed in November, according to Al-Mamlaka TV.اضافة اعلان

The ministry said that the agreement is part of the US Economic Assistance Program for the Jordanian government, which comes within the memorandum of understanding between the two countries for the period 2018–2022.

In February 2018, Jordan and the US signed a memorandum of understanding for aid worth $6.375 billion, spread over five years, of $1.275 billion annually, of which at least $845.1 million goes to support the Jordanian government budget, and $425 million as military aid.

Earlier this year the US Congress approved the allocation of $1,650 billion as a grant to Jordan, as part of the memorandum of understanding.

Planning Minister Nasser Al-Shraideh had said that this aid comes to support the Kingdom’s development and reform programs during the current year 2022, in view of challenges to the Jordanian economy, including those brought about by the COVID-19 pandemic and the Syrian refugee crisis.

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