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Sun 12 Dec 2010 10:18 AM

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Germany to provide $130m in aid to Jordan over two years

Loans and grants to the kingdom up nearly a third in 2010, set to hit $1.27bn by year end

Germany to provide $130m in aid to Jordan over two years
JORDAN ECONOMY: Jordan is to receive over $130m in aid from Germany over the next two years(ITP Images)

Jordan is to receive over $130m in aid from Germany over the next two years, it was confirmed on Saturday following two days of talks between the two countries.

“Talks touched on the bilateral developmental cooperation programme for 2011-2012, where the German government pledged 99 million euro ($130.9m) to support projects in fields of water, sewage, energy and others,” it was reported by Petra, the Jordan News Agency.

The kingdom also asked Germany to aid its educations sector, specifically the financing of the fourth phase of the construction of elementary schools, which the German government previously pledged $56m towards.

In November, Jordan’s Ministry of Planning and International Cooperation said the number of foreign loans and grants to the kingdom rose 31 percent this year.

The Ministry said the value of foreign grants and soft loans will hit $1.27bn by the end of this year, with grants accounting for around $900m.

 

 

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