Britain granted Jordan ₤4.37 million ($6.24 million) in aid for the development of three economic and social projects, the British embassy in Amman said Monday, April 9.
The agreement was signed by ambassador Edward Chaplin and Jordanian Planning Minister Jawad Hadeed, an embassy statement said.
The first project is aimed at creating "an active and transparent capital market" and was granted ₤1.3 million ($1.85 million) by London.
The second project, initiated in 1997 and for which the Jordanian ministry of social development received ₤1.75 million ($2.5 million), is aimed at "improving the quality of life of the poor", the statement said.
Britain granted ₤1.3 million ($1.85 million) to a third project aimed at supporting the activities of the Queen Zein Al-Sharaf Institute for Development (ZENID).
Britain is Jordan's third creditor behind Japan and France and decided in January to convert into investments ₤90 million ($131 million) of Jordan's debt to London, estimated at around $500 million. — (AFP, Amman)
© Agence France Presse 2001
© 2001 Mena Report (www.menareport.com)