The governments of Saudi Arabia, the UAE and Kuwait are set to agree on a financial assistance package for Jordan today, the official news agency Petra reported.
Jordanian Finance Minister Izzeddin Kanakrieh said yesterday that the three countries will provide an aid package made up of four components: $1 billion in deposits at the Central Bank of Jordan, credit guarantees for the bank, an annual grant to the Jordanian budget for five years, and funding for developmental projects.
He added that the package is an outcome of the Makkah agreement, which was held in the Saudi city in June and which included a financial assistance package worth of $2.5 billion to be offered to Jordan over a period of five years.