Japan Extends USD260m Budgetary Support Loan to Jordan

تم نشره في Wed 21 December / Dec 2016. 01:00 AM
  • Japan Extends USD260m Budgetary Support Loan to Jordan - (twitter)

AMMAN —Al Ghad— The Government of Japan has extended a concessional budgetary support loan of JPY30 billion, approximately USD260 million, to Jordan, in support of the Kingdom’s 2025 reform programme.

The “Financial Sector, Business Environment and Public Service Reform Development Policy Loan” was facilitated via exchange of Notes, signed between the Ambassador of Japan to Amman, Shuichi Sakurai, and Minister of Planning and International Cooperation, Imad Fakhoury, Wednesday December 21, 2016 at the Ministry.

Ambassador Sakurai said in his remarks at the ceremony “I strongly hope that the new loan will mitigate Jordan’s financial burdens and promote economic stabilisation and support Jordan’s development efforts.”

In 2016, the Government of Japan has extended JPY2.85 billion in grants to the Jordanian Government, in addition to approximately JPY6.5 billion provided in multilateral grants through international originations to implement projects in Jordan.

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