U.S. President Barack Obama on Friday pledged $1 billion in loan guarantees for Middle East ally Jordan  and the renewal of a five-year aid package. The president made the announcement during his meeting with Jordan's King Abdullah at a summit at a California retreat, Reuters news agency reported.
Jordan is one of the United States' closest allies in the Middle East and is a regional player in diplomatic efforts seeking peace in the turbulent region.  It is also one of the largest recipients of U.S. aid, collecting about $1 billion annually for the past five years, according to the Associated Press.
During his past week in Washington, the king met with Vice President Joe Biden , Secretary of State John Kerry, congressional leaders and others.
Jordan is one of two Arab countries, the other being Egypt, that has signed a peace treaty with Israel and King Abdullah has supported Kerry's efforts to broker an Israeli-Palestinian peace deal in recent months.
The king is also anxious for a political solution in next-door Syria. His country has been overwhelmed by Syrian refugees  crossing the border to flee the bloodshed.