LAST_UPDATEWed, 25 Apr 2018 8pm

Islamic Development Bank Provides Jordan With US$100 Mln In Aid

AMMAN -- The Islamic Development Bank on Friday signed an agreement with Jordan to provide the Kingdom with US$100 million in loans and grants, China's Xinhua news agency reported.

Under the deal, the bank will provide Jordan with US$79 million loan and US$21 million grant, Jordan's Minister of Planning and International Cooperation Imad Fakhoury said in a statement.

Voicing appreciation to the bank's support, the minister said the amount will be used to finance projects in the field of health.

The minister stressed on the importance of the aid and support provided to Jordan, which hosts 1.3 million Syrian refugees.

The minister also highlighted pressure on Jordan in various fields of energy, education and infrastructure since the start of the Syrian crisis in 2011.

During the signing ceremony, the minister urged all countries to provide further support to Jordan to help it cope with the challenges, noting that such support is vital for Jordan to be able to go ahead with development schemes.

Between 1975 and 2017, the bank provided Jordan with US$975.6 million in loans and grants to support projects in various fields.