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.



Saudi Arabia Joins International Partnership for Hydrogen and Fuel Cells in the Economy

Officials from the Saudi Energy Ministry after the official announcement of joining the International Partnership for the Hydrogen and Fuel Cells in the Economy (Saudi Energy Ministry)
Officials from the Saudi Energy Ministry after the official announcement of joining the International Partnership for the Hydrogen and Fuel Cells in the Economy (Saudi Energy Ministry)
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Saudi Arabia Joins International Partnership for Hydrogen and Fuel Cells in the Economy

Officials from the Saudi Energy Ministry after the official announcement of joining the International Partnership for the Hydrogen and Fuel Cells in the Economy (Saudi Energy Ministry)
Officials from the Saudi Energy Ministry after the official announcement of joining the International Partnership for the Hydrogen and Fuel Cells in the Economy (Saudi Energy Ministry)

The Saudi Energy Ministry announced Saturday that the Kingdom has officially joined the International Partnership for the Hydrogen and Fuel Cells in the Economy (IPHE), as part of its ongoing efforts to foster international collaboration in developing this vital sector.
This accession marks a major step for the Kingdom, reinforcing its pioneering role in global sustainability efforts and in innovating advanced solutions for clean energy, the Ministry said in a statement.
It aligns with Saudi Arabia’s ambition to become a key producer and exporter of clean hydrogen, and to achieve greenhouse gases (GHGs) net-zero through the circular carbon economy approach by 2060, or before depending on technology maturity and availability, the statement added.
Saudi Arabia’s involvement in IPHE underscores its commitment to international cooperation as a cornerstone for attaining a more sustainable energy future.
The move also supports the objectives of the “Saudi Green Initiative” and “Middle East Green Initiative,” which focus on reducing carbon emissions and stimulating global demand for clean hydrogen, according to the statement.
"It also aims to contribute to the development and harmonization of regulations and standards that bolster the clean hydrogen economy,” it added.
IPHE serves as a crucial platform for fostering collaboration among member states to expedite the advancement and deployment of hydrogen and fuel cell technologies.
The partnership is dedicated to exchanging knowledge, supporting relevant research and technologies, and raising awareness about the importance of clean hydrogen in achieving sustainable development.
In this spirit, Saudi Arabia actively participates in numerous international organizations and initiatives linked to the production of clean and low-emission fuels, including the Innovation Mission Initiative, the Clean Energy Ministerial Meeting, the Zero Neutrality Forum for Producers, the Global Methane Initiative, and other related efforts.