Jordan is on track to receive more than the promised financial assistance from its international donors this year. By the end of July, grants received had totaled $1.06bn, exactly two-thirds of the $1.59bn anticipated in the country’s 2015 budget.
Of funds received in January-July 2015, $633mn was grants, $357mn in soft loans and $72mn in government-guaranteed soft loans, according to Planning Ministry figures. The Saudi Fund for Development and the Abu Dhabi Fund for Development jointly contributed $256mn. Japan chipped in $196mn in support of development projects in the budget. The US provides additional aid for specific projects or in the form of bond guarantees (MEES, 5 June). (CONTINUED - 769 WORDS)
