Jordan’s fiscal position is looking brighter with the finalization of a promised $1.08bn US aid package under a 4 December deal, up from 2017’s $812mn (MEES, 5 January). A $745mn grant – more than 1.5 times 2017’s grant of $475mn – will support the kingdom’s priority development projects listed in the 2018 budget. Jordan expects to bag the cash by the end of 2018, helping reduce the year’s fiscal deficit.
The US is also providing Jordan with $336mn in financial assistance to support other development projects intended to “improve the social sector and enhance democracy.” The US also provides Jordan with an annual $425mn in military assistance. (CONTINUED - 209 WORDS)