$845mln of US aid to be transferred to Jordan treasury in November

$845mln of US aid to be transferred to Jordan treasury in November

An agreement to transfer disbursement of US assistance to Jordan’s Treasury is expected to be signed in November, of total worth of $845 million, the Ministry of Planning and International Cooperation said on Wednesday.

The ministry said that the agreement is part of a five-year US assistance commitment of the period between 2018-2022.

Earlier this year, the US Congress appropriated $1.65 billion in grants to Jordan as part of the country’s economic assistance programme to Jordan, Al Mamalaka reported.

In February of 2018, Jordan and the US signed a MoU under which the US pledged to provide Jordan with $6.375 billion over five years.

Under the deal, Jordan received $1.275 billion per year from 2018-2022. The memo stipulated that no less than $845.1 million was to be allotted for Treasury support by November, and another $425 million was to be allocated for military assistance.

Minister of Planning and International Cooperation Nasser Shraideh said in a previous statement that the goal of the US assistance is to support Jordan's development and reform efforts amid challenges related to the COVID-19 pandemic and the hosting of Syrian refugees.

In September, the two countries signed a new memo providing the Kingdom with a total $10.15 billion to be distributed over