RIYADH: The Saudi Ministry of Finance has disbursed $50 million in the fourth instalment of the Kingdom’s grant to Jordan, in support of the country’s economy, Saudi Press Agency reported.
This is part of an agreement in 2018 between Saudi Arabia, Kuwait and the UAE to provide an economic aid package worth $2.5 billion for Jordan.
The agreement involves providing $50 million as an annual support to the Jordanian budget, from each of the three countries for a period of five years.
It happened at a time when Jordan was reeling from the effects of increased prices, as part of an austerity drive to satisfy the International Monetary Fund.