Japan grants Jordan 14 million dollars to finance economic projects

Business Materials 9 March 2008 18:53 (UTC +04:00)

( dpa )- The Japanese government on Sunday extended a grant of 14 million dollars to Jordan to help finance development projects, Jordanian Planning and International Cooperation Minister Suhair al- Ali said.

Al-Ali, who signed the agreement on behalf of her government, said that the grant would be used for "supporting the country's balance of payments and implementing socio-economic projects".

She expressed keenness on boosting ties with Japan in the economic, social and political spheres.

The new grant raises to 326 million dollars the volume of Japanese economic aid to Jordan since 1999.

The figure included 266 million dollars in grants and 60 million dollars as soft loans, according to an official statement.