Now Reading
Saudi Arabia has deposited $334m in Jordan central bank

Saudi Arabia has deposited $334m in Jordan central bank

Saudi, Kuwait and the UAE put together a $2.5bn package in June to help shore up Jordan’s struggling economy

Saudi Arabia has deposited $334m in Jordan’s central bank and is working with Kuwait and the United Arab Emirates for more financial support, finance minister Mohammed al-Jadaan was quoted by broadcaster Al Arabiya as saying.

Saudi Arabia alongside Kuwait and the United Arab Emirates put together a $2.5bn package in June to help shore up Jordan’s struggling economy.

Jordan’s government fell last year after spending cuts and tax rises imposed under an IMF programme caused rare public protests. The country, which sits between Israel, Syria, Iraq and Saudi Arabia, is traditionally a regional diplomatic hub.

Read: UAE, Kuwait, Saudi each pledge $833m in aid to Jordan

© 2020 MOTIVATE MEDIA GROUP. ALL RIGHTS RESERVED.

Scroll To Top