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Jordan, Italy sign 169 million euro aid program
Published - Date : 3/9/2017 7:38:29 PM
Jordan, Italy sign 169 million euro aid program

The Jordanian and Italian governments on Thursday, singed a Memorandum of Understanding (MoU) that includes an Italian 169 million euro aid program for Jordan for the years 2017-2019.

Minister of Planning and International Cooperation Imad Fakhoury and Director General of the Italian Agency for Development Cooperation Pietro Sebastiani signed the memorandum, which comes in implementation of pledges made by Italy during the London Donor Conference which was held last February.

Fakhoury said in a statement that the agreement aims to boot bilateral cooperation between the two countries, contribute to achieving goals of the 2016-2019 executive development program as well as the Jordan Response Plan to the Syrian crisis (2017-2019).

The minister said that the MoU includes grants valued at 19 million euros and soft loans totaling 143.8 million euros to finance various development projects. These include 85 million euros to support the general budget as well as 58.8 million euros to finance development projects in a number of sectors.

The MoU also includes 6 million euros as additional humanitarian aid.

Fakhoury voiced thanks and appreciation of the continued Italian support to Jordan that help the Kingdom achieve economic and social development. He also announced the opening of an office for the Italian Agency for Development Cooperation in Amman that would enhance development cooperation between the two countries.

Sebastiani praised efforts exerted by Jordan to host refugees as well as the role played by His Majesty King Abdullah II to achieve peace and prosperity in the region.

He also stressed the strong partnership between Jordan and Italy as well as his government's commitment to continue its support to Jordan.


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