Prime Minister announces UK aid to boost Jordan’s prosperity

28 Feb 2019 03:10 PM

Prime Minister Theresa May will announce UK aid to help Jordan transform its economy at the Jordan: Growth and Opportunity conference in London today

Prime Minister Theresa May will today (28 February) set out an increased UK aid package of support to help Jordan’s economy become more self-sufficient at a major international conference in London.

The Prime Minister will use the ‘Jordan: Growth and Opportunity’ conference to call on global leaders and businesses to follow the UK’s lead and invest in Jordan’s future.

Today’s announcement will provide new investment grants to create new jobs, boost productivity and increase the country’s economic resilience.

The package will be tied to Jordan’s own ambitious plans, with most grants linked to delivery of reform. It will help to stabilise Jordan’s economy and support the country’s promising entrepreneurs as they build small and medium sized businesses.

The UK sees Jordan as a critical partner at the heart of an unstable region and will continue working closely with its key ally in the interest of mutual security, stability and prosperity.

Speaking at the Jordan conference, International Development Secretary Penny Mordaunt said:

Jordan is a nation which is doing the right thing. It is reforming its economy, investing in its people and in the wake of the conflict in Syria has taken on a huge share of the responsibility of providing a safe haven for millions of refugees. It is a beacon of stability amid the conflict and uncertainty of the Middle East.

We must stand by Jordan and support its ambitious plans for economic reform. We will all benefit from the greater stability, security and trade that growth in Jordan will bring.

Today’s UK aid support includes:

By supporting Jordan’s long-term prosperity, the UK will boost the potential of the country as its future trading partner, support stability in the Middle East and tackle international threats like global terrorism.

Support to Jordan follows the bold new approach set out on the PM’s visit to Cape Town last summer where she announced that international development should be done with the UK’s national interest in mind.

The UK aid package announced today involves expertise and funding from across the UK government, including the Department for International Development, Department for International Trade, Home Office, the British Council and the Conflict Stability and Security Fund.

The event in London will champion Jordan as a key partner for international trade, underlining the power of investment to enable countries to move to a future beyond aid.

Notes to editors

Today’s announcement takes the UK’s bilateral support to Jordan up to £650 million over five years, a doubling of the UK’s previous funding. In addition, the UK will underwrite a $250 million World Bank loan to Jordan. Over the last five years, the UK’s support was around £300 million to Jordan.

Over the next five years the UK’s bilateral support to Jordan includes:

In addition to the UK’s bilateral support the UK is also helping Jordan in the following ways:

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