SAWT BEIRUT INTERNATIONAL

| 17 July 2024, Wednesday |

Japan loans Jordan $100 million for electricity reforms

Officials stated on Sunday that Japan had given a $100 million loan to Jordan to assist with energy sector changes as part of Tokyo’s support for the kingdom’s IMF-mandated reforms.

“Japan will continue to support Jordan in its economic and financial reforms and further modernization,” Foreign Minister Yoshimasa Hayashi said at the start of a visit to Jordan with his Jordanian counterpart Ayman al Safadi.

Japan is one of Jordan’s main donors, contributing over $4 billion in loans, aid and technical support in recent decades.

Jordan’s King Abdullah visited Tokyo in April where he discussed a new package of economic aid and Japanese assistance in financing a major desalination plant on the Red Sea to help ease the country’s chronic water shortages.

Hayashi will head to Egypt on Monday and later fly to Saudi Arabia.

    Source:
  • Reuters