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Obama offers $1B loan to Jordan for refugees: It’s important to be ‘supportive of the kingdom’

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Ben Wolfgang
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.”

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This article was posted: Saturday, February 15, 2014 at 9:47 am





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