US hikes up Jordan aid by nearly 50 percent

The U.S. government will hike up its aid to Jordan by a minimum of 48 percent to help the kingdom improve its economic and political stability in 2008. “The economic assistance for fiscal year 2008 represents a 48 percent increase over fiscal year 2007 appropriation,” said U.S. Agency for International Development Jordan mission director Jay Knott. The augmented aid will assist Jordan in repaying a portion of its USD2.5 billion debt under an earlier agreement with the Paris Club of creditor nations.

Source: U.S. to boost aid to Jordan in 2008 by 48 percent (Reuters)

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