The Washington Times
February 15, 2014
President Obama announced late Friday night that the U.S. will provide a $1 billion loan guarantee to Jordan, money meant to help the nation deal with the flood of refugees that have crossed over from Syria to escape a bloody civil war.
Mr. Obama made the announcement during a bilateral meeting with Jordan’s King Abdullah II at a private retreat in Rancho Mirage, Calif. The president also said he intends to renew a five-year memorandum of understanding with Jordan, worth about $360 million in direct economic support and another $300 million in military financing, according to the White House.
Mr. Obama said both the agreement and the $1 billion loan are designed to help Jordanian economic development overall, but also said the deteriorating situation in Syria has placed a burden on Jordan that other countries must help bear.
“The people of Jordan have been very generous in absorbing hundreds of thousands of displaced persons from that war-ravaged country,” Mr. Obama said at the outset of his meeting with the king. “It puts a great strain on the resources of Jordan and it’s very important for us to make sure that we’re supportive of the kingdom in accommodating all these refugees.”
This article was posted: Saturday, February 15, 2014 at 9:47 am