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Financial assistance to Jordan shows 'global confidence' in Kingdom’s economy — Razzaz

By JT - Jul 06,2020 - Last updated at Jul 06,2020

Prime Minister and Minister of Defence Omar Razzaz speaks during a meeting at the Ministry of Planning and International Cooperation on Monday (Petra photo)

AMMAN — Financial assistance and donations provided to the Kingdom reflect "global confidence" in the performance of the national economy, Prime Minister and Minister of Defence Omar Razzaz said on Monday, highlighting the recent issuance of the $1.75-billion Eurobond, which was oversubscribed by six times.

During a meeting at the Ministry of Planning and International Cooperation, the premier stressed that assistance to Jordan is continuous, calling for enhancing transparency and disclosure to keep the public informed about financial support offered to the Kingdom, including soft loans and grants, and spending mechanisms, the Jordan News Agency, Petra, reported.

Minister of Planning and International Cooperation Wissam Rabadi, during the meeting, briefed Razzaz on foreign assistance provided to the Kingdom, areas of spending and auditing mechanisms.

Addressing reporters after the meeting, Razzaz said: “This week, we are focusing on confidence in the Jordanian economy, our fiscal standing, our foreign reserves and the private sector’s ability to recover and deal with emergencies.”

He added that the finance and planning ministers during the upcoming days will discuss the government’s efforts to attract investments over the last months of the COVID-19 crisis, Petra reported.

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