Jordan got $1.8 billion in loans, grants in 1999 and 2000

Published December 11th, 2000 - 02:00 GMT

Jordan received $1.8 billion in loans and grants in 1999 and 2000 with grants taking the lion's share, Planning Minister Jawad Hadid said in an interview published Sunday, December 10, by Al Dustour newspaper. 

 

Grants represented 64.2 percent of the overall figure, with Iraq and the United States holding first and second place respectively on Jordan's list of donors, Hadid told the newspaper. 

 

"Iraq's oil protocol with Jordan represents 43.5 percent of the total of grants given to Jordan while the United States contributed 38.2 percent of the grants received in 1999 and 2000," Hadid said. 

The European Union weas responsible for 12.3 percent of total donations, followed by Japan with 4.9 percent, Hadid said. 

The World Bank was the main source of loans to the kingdom, providing 34.2 percent of the total. 

 

Iraq supplied Jordan with 4.8 million tones of oil, half at preferential rate and half free, in 1999 and 2000, under a UN-approved agreement, in echange for $300 million worth of exports from Amman. 

 

Jordan is also the fourth largest recipient of US aid and has received nearly $1 billion in economic and military assistance from Washington over the past three years.— (AFP)  

 

© Agence France Presse 2000  

 

 

© 2000 Mena Report (www.menareport.com)

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