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Mecca’s promises are not enough for Jordan

10 3 5

The promises obtained by Jordan from the Mecca summit are not enough to save it from the economic crisis. In addition to this, they are still in the context of promises that have no announced implementation date.

The three Gulf states have pledged $2.5 billion in total as aid to Jordan, which will be used to support the budget and distributed over the next five years. It also includes development projects, a deposit in the Central Bank, and guarantees in the World Bank. However, the most important aspect of these promises is that details of the dates and distributions have not been announced. How much is the deposit in the Central Bank? When will it be deposited? What is the amount of the budget support (which is the most important issue) and when will it be paid? No one knows yet.

What we do know is that this aid is insufficient and cannot resolve the economic crisis suffered by Jordan, which forced the previous government to propose a draft bill that........

© Middle East Monitor