AMMAN — The
Ministry of Planning and International Cooperation said that foreign assistance, comprising grants and
soft loans, stood at $1.5 billion between January and June this year, according
to the Jordan News Agency, Petra.
اضافة اعلان
The ministry said that foreign assistance included
$187.5 million grants, while $1.1 billion was in the form of soft loans to
support the general budget and to finance top priority projects in the social
protection, employment, economic development, and infrastructure sectors.
An additional $252.5 million grant targeted the
Jordan Response Plan, which caters to tens of thousands of Syrian refugees who
sought shelter in the Kingdom after fleeing the civil war in their country.
The ministry is also working to allocate foreign aid
to implement top priority development programs and projects in accordance with
the set plans and in coordination with all ministries and government institutions.
By the end of July 2022, about 70 percent of the
overall foreign aid was allocated to support the implementation of programs and
projects outlined in the
General Budget Law, while the other programs and
projects were implemented by donors under the direct supervision of the
ministries and institutions benefiting from these projects.
Ministry data showed that the social protection
sector had the lion’s share of foreign aid, accounting for 45.7 percent,
followed by the economic development sector with 32.7 percent, the employment
sector with 8.7 percent, the infrastructure sector with 7.6 percent, and
agriculture and food security with 2.5 percent. The remainder was disbursed to
the other sectors.
In a related development, the International Monetary
Fund (IMF) transferred $183 million to Jordan following an examination of the
Kingdom’s economic situation by the
Extended Fund Facility (EFF), a branch of
the IMF dealing with countries suffering from payment imbalances. Upon
examination, the EFF observed that Jordan had achieved all the goals required
for the funds to be transferred, Al-Mamlaka TV reported.
According to the IMF’s monthly payment report on
Jordan, 137,240,000
Special Drawing Rights (SDR), or about $183 million, was
transferred to the Kingdom at the end of July.
With the most recent transfer, total IMF
disbursements to Jordan now amount to $1.356 billion, since the beginning of
2020, including $407 million under the Rapid Financing tool.
The
IMF approved a four-year facility program on March 25,
2020, with the planned total disbursements amounting to 926.37 million SDRs,
or about $1.293 billion, equivalent to
270 percent of Jordan’s share in the IMF. This amount was increased on June 30,
2021, to 1,070.47 SDRS (about $1.494 billion), which is equivalent to 312
percent of Jordan’s share in the IMF.
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