Jordan, US sign $787 mn grant agreements

Amman, Oct 23 (IANS) Jordan and the United States signed four grant agreements under which the US will provide the Arab country with $786.8 million for 2016, a minister told a press conference on Sunday.

Minister of Planning and International Cooperation, Imad Fakhoury appreciated the aid as timely and said it will help support Jordan’s budget and reduce pressure caused by nearly 1.4 million Syrian refugees in Jordan displaced by war, Xinhua news agency reported.

Around $100 million will be dedicated to support the Red-Dead Canal project, a major water project that will make fresh water available in Jordan and help protect the Dead Sea, said Fakhoury.

He added that the grants will also be allocated to fund projects in health, education, environment and law and governance sectors.

Of the total grants, $479 million will be transferred in cash to Jordan before the end of the year, Fakhoury said.

The US provided $463 million military aid to Jordan this year, bringing the total economic and military aid to over $1.2 billion, he said.