First Disbursement of U.S. Cash Grant Worth USD 600 Million Transferred to Treasury

SourceAmmon News
SectorFinancial Markets
CountryJordan

Ammon News – Shraideh: The grant comes in recognition of King’s efforts to strengthen cooperation with U.S

Carlin: Signifying strategic and close partnership between U.S. Government and Jordan, cash transfer’s early release reflects continuing U.S. commitment to help Jordan advance stable, prosperous future

The signing of an agreement to transfer the first disbursement of the US cash transfer grant worth USD 600 million to the Treasury was announced today, ahead of His Majesty King Abdullah II’s official visit to Washington, DC.

The early disbursement will contribute to the financing of priority government programs and support Jordan’s economic recovery.

The agreement was signed by Minister of Planning and International Cooperation Nasser Shraideh, on behalf of Jordan, and by United States Agency for International Development (USAID) Mission Director Sherry F.

Carlin.

This is the first disbursement of the USD 845 million cash grant for 2021, which falls under the U.S. economic assistance program to Jordan for the current year.

Shraideh emphasized that...read more...