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 Saudi Arabia, UAE, and Kuwait Finance Ministers visit to Jordan

As part of the obligations and resolutions agreed at the meeting held in Makkah on Sunday, June 10, 2018, which brought together the leaders of: (Saudi Arabia, the Hashemite Kingdom of Jordan, Kuwait and the United Arab Emirates); during which it was agreed that the three countries shall provide a package of economic aid to Jordan amounting to US $ two billion five hundred million to help strengthen the financial situation and sustainability in order to continue the process of construction and development for the welfare of the Jordanian people, Minister of Finance of the Kingdom of Saudi Arabia, HE Mohammed Abdullah Al-Jadaan, HE Obaid Humaid Al Tayer, UAE Minister of State for Financial Affairs and HE Dr. Nayef bin Falah Al Hajraf, Minister of Finance of the State of Kuwait, paid a joint visit to the Kingdom of Jordan on October 4, 2018, where they met with the Jordanian Prime Minister, Dr. Omar Razzaz, HE Ezzaldin Kanakriyah, Minister of Finance, HE Dr. Mary Kawar, Minister of Planning and International Cooperation and Dr. Ziad Fariz, Governor of the Central Bank of Jordan. They discussed the brotherly relations between Jordan and the three countries, the economic situation in Jordan and the appropriate mechanisms to support the efforts of the Jordanian government to achieve financial and economic stability. At the end of the meetings, the finance ministers of the three countries signed agreements with their counterparts in Jordan to put the Makkah summit agreement into effect.

The Jordanian Prime Minister lauded the support of the three countries, which is a continuation of their support to Jordan and its aspirations for growth and prosperity. The three ministers also affirmed the position of their countries that support Jordan's economic stability to benefit the Jordanian people and achieve their aspirations. The signed arrangements will contribute to easing the pressure on public finances, strengthening the financial position and financial sustainability. It will also contribute to the implementation of a number of vital development projects and contribute to stimulating growth and job creation. The deposits in the Central Bank of Jordan will support strengthening its financial position and ease the pressure on the Jordanian Dinar and achieve greater stability in its exchange rate.

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Last Update : 10/4/2018 9:05 PM