UAE, Saudi, Kuwait assures $2.5 billion aid for Jordan

UAE, Saudi, Kuwait assures $2.5 billion aid for Jordan

Jordan, which is reeling under economic crisis will receive $ 2.5 billion financial aid from UAE, Saudi Arabia and Kuwait.

According Saudi Press Agency, the package, announced at a summit of the four nations in the holy city of Mecca, will include a deposit in the Jordanian central bank, World Bank guarantees, budgetary support over five years and financing for development projects

The decision was taken in the meeting convened at Makkah on Sunday by top leaders including the Custodian of Two Holy Mosques, King Salman Bin Abdul Aziz Al Saud, Shaikh Sabah Al Ahmad Al Sabah, the Emir of Kuwait and Shaikh Mohammad Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces on phone.

Jordan has been facing public protest after the government last month approved a controversial income tax bill.  The protest had also led to the resignation of Prime Minister Hani al-Mulki.