MECCA SUMMIT CONCLUDES WITH $2.5 BLN IN AID TO SUPPORT JORDAN’S ECONOMY

Source: Al Arabiya

The Mecca Summit held by Saudi Arabia with three other nations to discuss support for Jordan’s economy resulted in an aid package totaling $2.5 bln.

The summit’s communique said the aid would be represented in the following:

1) Deposit in the Central Bank of Jordan.

2) World Bank Guarantees for Jordan

3) Annual support for the budget of the Jordanian government for five years.

4) Financing from development funds for development projects.

“King Abdullah of Jordan expressed his thanks and appreciation to Saudi Arabia’s King Salman for his generous initiative in calling for the meeting, and the Kuwaiti and UAE for their response to the invitation and his great gratitude to the three countries for providing this package of assistance which will contribute to overcoming this crisis,” the summit’s final communique read.

Read more at: https://english.alarabiya.net/en/News/gulf/2018/06/10/Saudi-Arabia-hosts-quartet-meeting-over-Jordan-economy.html

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