Jordan Sees 2010 Foreign Aid to Hit USD1.3B

The Jordanian government expects the country to receive USD1.3 billion in foreign aid by the end of 2010.

According to Minister of Planning and International Cooperation Jafar Hassan, the amount would likely comprise USD900 million in grants and USD400 million in soft loans. He said the value of grants is higher this year, but the estimated figure for soft loans is considerably lower than in 2009, The Jordan Times reports.

Hassan said budget support may reach USD350 million by the end of the year, with the funds coming mainly from Japan, the U.S. and the European Union.

The government will have the final figures for grants in October and budget support in November, the minister added.