Foreign Funds to Support Jordan State Budget

Jordan will use half of at least USD1 billion in expected foreign grants to support the state budget this year, The Jordan Times reports.

Jordanian Planning and International Cooperation Minister Jaafar Hassan told local media Feb. 22 that foreign aid would be used to stimulate economic activity at the individual and corporation level and fund social development programs for the middle class and the poor.

Hassan said the government was bent at negotiating more grants this year, including a USD250 million compact from the Millennium Challenge Corp., which is envisioned to support water projects in the city of Zarqa.

About the author

  • Tarra Quismundo

    Tarra Quismundo joined Devex Manila as a staff writer in October 2009 after more than six years of working as a reporter for the Philippine Daily Inquirer, a nationwide daily, for which she covered major breaking news in politics, military, police and international affairs. Tarra's Devex News coverage focuses on key Asian donors and top aid officials around the globe.