| Submit your comments on this article |
| Israel-Palestine-Jordan |
| Jordan to receive USD $560 million aid from US and EU |
| 2012-09-21 |
| h/t Gates of Vienna Faced with serious financial shortage, Jordan is expecting to receive a life line of $650 million from the US, the EU and some European countries to finance the state budget, finance minister Jafaar Hassad said today. Nearly $400 million will be handed to the kingdom as grants, and rest, totaling $250 million will be loans paid under easy loan agreements, said the minister, noting that the government also is reaching out to Arab gulf states to fund the budget. The government said it will channel part of the funds to projects in the fields of water, education, energy and business. The government this year said the budget deficit reached JD1.2 billion and the figure could go higher towards end of the year. The government says it needs additional funds to pay for subsidies on energy including fuel and electricity, which could reach up to $ 2 billion. |
| Posted by:g(r)omgoru |
| #5 It's merely being printed. Which is another way of saying it is being silently confiscated from peoples savings. |
| Posted by: Glenmore 2012-09-21 14:58 |
| #4 We aren't borrowing money from China any more. It's merely being printed. |
| Posted by: Pappy 2012-09-21 11:42 |
| #3 We sell bonds and borrow money from China to GIVE to there vermin so they may one day love us? How lovely. |
| Posted by: Besoeker 2012-09-21 06:54 |
| #2 Maybe Jordan should have kept the money it un-froze to give to Hamas... http://news.bbc.co.uk/2/hi/middle_east/3115438.stm |
| Posted by: American Delight 2012-09-21 06:09 |
| #1 Jordan had a chance to go in with Israel on a neat project to bring in sea water from the Med and generate power and desalinate some of the water, putting the rest in the dying Dead Sea. What a project! Too bad it did not happen Jordan. Now you need subsidies to survive instead of getting something to help your country and economy. Too bad. |
| Posted by: Alaska Paul 2012-09-21 01:43 |