Obama to seek additional financial aid for Jordan - Israel News, Ynetnews
 
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Obama to seek additional financial aid for Jordan

Published: 02.15.14, 08:06 / Israel News

President Barack Obama says he'll ask Congress to approve new financial aid for Jordan. Jordan is a key Arab ally in the Middle East whose fragile economy is being stretched by the influx of refugees fleeing the civil war in next-door Syria.

 

Obama announced late Friday that he will seek $1 billion in loan guarantees. That would be on top of a $1.25 billion loan guarantee Congress approved last year. He'll also ask for a new, five-year funding agreement for Jordan. Officials did not immediately say what that would be worth. An existing agreement expires in September. (AP)

 

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