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Gulf nations pledge $2.5bn aid package to Jordan
Updated On: 12 June, 2018 07:53 AM IST | Riyadh | Agencies
The money from Kuwait, Saudi Arabia and the United Arab Emirates will go toward a deposit in Jordan's Central Bank, cover World Bank guarantees for the kingdom, offer budget support and finance other development projects

(From right) King Abdullah II with King Salman, Sheikh Sabah al-Ahmad al-Sabah and Sheikh Mohammed bin Rashid al-Maktoum. Pic/AFP
Three Gulf Arab states pledged $2.5 billion in aid to Jordan in an effort to stabilise the US-allied kingdom as it faces its worst protests in years over government austerity plans that include tax increases.
The money from Kuwait, Saudi Arabia and the United Arab Emirates will go toward a deposit in Jordan's Central Bank, cover World Bank guarantees for the kingdom, offer budget support and finance other development projects.
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