AMMAN: Jordan will secure a promise of five more years of U.S. financial aid on Wednesday, a Jordanian official said, despite U.S. President Donald Trump’s threat to withhold support from countries that opposed his position on Jerusalem. U.S. Secretary of State Rex Tillerson is expected to sign the non-binding memorandum of understanding (MoU) in Amman on Wednesday, the official said. The new MoU secures a minimum $1.275 billion per year from 2018, said the official, who declined to be named because the details had yet to be officially announced. The previous such MoU between Jordan and the United States was for three years. Though a staunch U.S. ally, Jordan has been sharply at odds with Trump over his decision to recognise Jerusalem as the capital of Israel. In December, Trump threatened to cut off financial aid to countries that voted in favour of a U.N. resolution calling for the United States to withdraw its decision to recognise Jerusalem as Israel’s capital. Jordan backed the resolution. The U.S. commitment to keep its promise to maintain steady aid to the kingdom reflects the depth of our strategic relationship and a recognition of the kingdom’s key role in maintaining regional stability,” the official told Reuters.
The economy of Jordan has suffered due to the turmoil of conflicts in neighbouring Syria and Iraq, forcing the state to borrow heavily from external and domestic sources.
