Saudi, UAE and Kuwaiti Finance Ministers Visit Jordan

Amman, With reference to a statement issued by the meeting held in Makkah on June 10, 2018, including the leaders of the Kingdom of Saudi Arabia, the Hashemite Kingdom of Jordan, the State of Kuwait and the United Arab Emirates where the leaders of th...

Amman, With reference to a statement issued by the meeting held in Makkah on June 10, 2018, including the leaders of the Kingdom of Saudi Arabia, the Hashemite Kingdom of Jordan, the State of Kuwait and the United Arab Emirates where the leaders of the three states agreed to provide an economic aid package worth $2.5 billion for Jordan in order to consolidate the status and sustainability of public finance in order to continue the process of construction and development for the benefit of the brotherly Jordanian people, Mohammed bin Abdullah Al-Jadaan, Saudi Minister of Finance, Ubayd Humaid Al-Tayir, UAE Minister of State for Financial Affairs, and Naif Falah Al-Hajraf, Kuwaiti Minister of Finance, paid a joint visit to the Kingdom of Jordan today, October 4, 2018.

During the visit, they held a meeting with Jordanian Prime Minister Omar Al-Razzaz, Finance Minister Ezzedin Kanakriyah, Minister of Planning and International Cooperation Dr. Mary Kamel Kawar and Governor of Central Bank of Jordan Dr. Ziad Fariz.

During the meeting, they reviewed fraternal relations of Jordan with the three states and discussed the economic status in Jordan and the suitable mechanisms to support the Jordanian Government's efforts in order to achieve economic and financial stability.

At the conclusion of the meeting, the finance ministers of the three states signed with their counterparts in Jordan arrangements agreed upon to put Makkah Summit Agreement into effect.

For his part, the Jordanian Prime Minister lauded the Saudi, Kuwaiti and UAE stances which came as a continuation in supporting Jordan and its aspirations towards growth and prosperity.

The finance ministers of the three states affirmed their states' firm stances towards economic stability in Jordan in order to achieve aspirations of the Jordanian people, asserting that the signed arrangements will contribute to easing the pressures on public finances, strengthening financial position and sustainability in addition to implementation of a number of vital development projects and stimulation of growth and job creation.

They added that the deposits at the Central Bank of Jordan will support strengthening of its financial position, easing pressure on the Jordanian Dinar and achieving more stability in its exchange rate.

Source: Saudi Press Agency