U.S. Announces $100 Million in New Assistance
July 22, 2012
Amman-- Minister of Planning and International Cooperation Jaafar Hassan and U.S. Ambassador to Jordan Stuart Jones announced today $100 million in new special economic assistance to help Jordan at this critical time.
The $100 million will be in direct budget support and will help the Government of Jordan as it works to address the strains on the national budget as result of the continuing effects of the global financial crisis, the repeated disruption of the Egyptian natural gas pipeline, and the added cost of providing subsidized social services and basic commodities to those fleeing the violence in Syria.
Minister Hassan and Ambassador Jones noted that the specifics are currently being worked out but the intent of the assistance is to free capital for more productive economic ends and to provide near-term relief. Included in this are energy projects and the freeing of funds for provision of basic services and humanitarian assistance to those fleeing the violence in Syria.
“We applaud Jordan for responding to the humanitarian crisis in Syria, while having to manage its own economic challenges under difficult regional conditions that slow down economic growth,” said Ambassador Jones. “This assistance is a tangible affirmation that the U.S. Government is with you.”