US, World Bank top Jordan’s donor and lender list

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(File photo: Jordan News)
AMMAN — The US and World Bank’s International Bank for Reconstruction and Development have topped Jordan’s list of committed foreign aid for the past four years with $8.5 billion; according to a report issued by the Ministry of Planning and International Cooperation, Al-Mamlaka TV reported.اضافة اعلان

The US has given Jordan $5.323 billion in the past four years, while the World Bank gave $3.205 billion.

The total external assistance from grants and soft loans given to Jordan last year amounted to $4.416 billion; equivalent to JD 3.129 billion; it distributed into regular grants of 42.4 percent, loans of 40.8 percent, as well as 16.9 percent for the Syrian crisis response plan.

Germany was third; having provided $2.36 billion over the last four years; distributing to $1.459 billion in grants and loans, and $900 million to the Syrian crisis.

The EU, over the past four years, has provided Jordan with $1.896 billion, $952 million in loans and $422 million in grants, and distributed $520 million in response to the Syrian crisis. Moreover, the European Investment Bank provided $579 million in these years, $556 million of which were in loans, and $22 million of which were grants.

In a previous statement by Minister of Planning and International Cooperation Nasser Shraideh said that grants and loans are spent on several targets, including financing capital projects and development programs included in the General Budget Law approved by the Senates. As well as contributing to closing the financial gap in the general treasury or funding development projects with high priority.

All this proves the trust of the donors in the national legislation in managing foreign aid in line with the best international practices.

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