Jordan’s Public Debt Increases to $41 Bln

Visitors tour the Amman Citadel, Jordan, July 21, 2022. (Reuters)
Visitors tour the Amman Citadel, Jordan, July 21, 2022. (Reuters)
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Jordan’s Public Debt Increases to $41 Bln

Visitors tour the Amman Citadel, Jordan, July 21, 2022. (Reuters)
Visitors tour the Amman Citadel, Jordan, July 21, 2022. (Reuters)

Jordan’s public debt rose 1.6 percent to 29.16 billion dinars ($41 billion) in the first half of 2022 from 28.7 billion dinars at the end of 2021.

Its domestic debt reached 13.89 billion dinars at the end of H1, while its foreign debt reached 15.26 billion dinars, according to statistics posted on the Ministry of Finance's website.

Jordan's public debt now stands at 88.4 percent of its GDP.

As part of a deal with the International Monetary Fund, the Ministry of Finance announced early last year that its debts, which amounted to almost 7 billion dinars, would be excluded from the Social Security Investment Fund.

Jordan has warned of the notable drop in international support to refugees in the Middle East and to the relevant UN agencies.

Meanwhile, Foreign Minister Ayman Safadi met with UN High Commissioner for Refugees (UNHCR) Filippo Grandi in Amman, where he stressed the need for mobilizing joint action to provide a decent life for refugees and help host countries shoulder the burden of hosting them.

Safadi praised the solid partnership between Jordan and the UNHCR to present necessary services to about 1.3 million Syrians residing in Jordan.

He also underlined the role of the UNHCR in supporting refugees and keeping their cause alive on the international agenda.

The officials agreed to intensify efforts to rally international support for refugees.

Also on Sunday, Prime Minister Bisher Khasawneh discussed with Grandi the economic challenges facing the kingdom due to the burden refugees pose on Jordan’s infrastructure, education, health, water and job opportunities.

He urged the international community and donor countries to continue to provide necessary support to host communities.

Jordan hosts almost 650,000 Syrians registered with the United Nations, but Amman estimates close to 1.3 million Syrians had arrived since 2011 when the conflict in the neighboring country erupted.

Jordan has said it has spent over 12 billion dollars on hosting them.



Indonesia, Singapore Sign Deals on Power Trade, Carbon Capture 

Indonesian Energy and Mineral Resources Minister Bahlil Lahadalia speaks to the media during a press conference at the presidential palace in Jakarta, Indonesia, Tuesday, June 10, 2025. (AP) 
Indonesian Energy and Mineral Resources Minister Bahlil Lahadalia speaks to the media during a press conference at the presidential palace in Jakarta, Indonesia, Tuesday, June 10, 2025. (AP) 
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Indonesia, Singapore Sign Deals on Power Trade, Carbon Capture 

Indonesian Energy and Mineral Resources Minister Bahlil Lahadalia speaks to the media during a press conference at the presidential palace in Jakarta, Indonesia, Tuesday, June 10, 2025. (AP) 
Indonesian Energy and Mineral Resources Minister Bahlil Lahadalia speaks to the media during a press conference at the presidential palace in Jakarta, Indonesia, Tuesday, June 10, 2025. (AP) 

Indonesia and Singapore signed initial deals on Friday to develop cross-border trade in low carbon electricity and collaborate on carbon capture and storage, ministers from both countries said in Jakarta.

The electricity deal reaffirmed an earlier agreement to export solar power from Indonesia to Singapore, with a group of companies planning to build plants and grid infrastructure to generate and transmit the power.

The memorandum of understanding signed by the two countries says they will aim to draw up policies, regulatory frameworks and business arrangements that will enable Indonesian power to be delivered to Singapore.

Indonesia expects to export 3.4 gigawatts of low-carbon power by 2035, according to a presentation slide shown by Indonesia's energy minister Bahlil Lahadalia.

In another MoU, the two countries said they would look into drawing up a legally binding agreement for carbon capture and storage that would allow cross-border projects to go ahead.

If successful, it will be the first such project in Asia, said Singapore government minister Tan See Leng.

Energy firms BP, ExxonMobil, and Indonesia's state company Pertamina are already developing CCS projects in Indonesia.

With its depleted oil and gas reservoirs and saline aquifers capable of storing hundreds of gigatons of CO2, Indonesia has allowed CCS operators to set aside 30% of their storage capacity for carbon captured in other countries.

The two countries also signed a deal for the development of sustainable industrial zones on several Indonesian islands near Singapore, including Batam, Bintan and Karimun.

Bahlil said the deals could bring in more than $10 billion of investment from the manufacturing of solar panels, the development of CCS projects and potential investment in industrial estates.