Jordan receives $400 million Saudi grant - Israel News, Ynetnews

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Jordan receives $400 million Saudi grant

Published: 06.02.11, 22:22 / Israel News

Jordan's finance minister says Saudi Arabia has donated $400 million to shore up his nation's wobbly economy. Jordan has a record deficit of $2 billion this year, which could endanger reform plans.


The donation covers 20 percent of Jordan's rising energy bill as well as subsidies promised in the wake of street protests over high food and gasoline prices. (AP)


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