US President Joe Biden announced Saturday that Washington intends to sign a new MoU to assist Jordan with no less than $1.45 billion per year in US bilateral foreign assistance to the country.
“Biden announced the intention of the United States to enter into a new memorandum of understanding (MOU) for assistance for Jordan, in which the United States plans to make a commitment to support the provision of no less than $1.45 billion per year in US bilateral foreign assistance to Jordan, beginning in FY 2023 and ending in FY 2029,” a joint statement said following a meeting between Biden and King Abdullah II on the sidelines of an Arab-US summit in Jeddah.
“The MOU represents a major US political commitment to Jordan’s stability and the durability of the partnership,” it said.
“The MOU is designed to address Jordan’s extraordinary needs, supports King Abdullah II’s economic reform program, and ensure the long-term strength of the close partnership between the United States and Jordan,” the statement added.
The king stressed the importance of this support to Jordan’s economic reform plans, its efforts to realize more sustainable economic growth, and to mitigate the impact of regional crises.
The two leaders highlighted the strong defense partnership between the two countries, and reiterated commitment to their partnership in the fight against terrorism.
They also reaffirmed their commitment to continue working for a just, lasting and comprehensive peace between Israel and the Palestinians on the basis of the two-state solution.
“They stressed the importance of fostering political and economic horizons through confidence-building measures that would set the ground for meaningful Palestinians-Israeli negotiations. They also emphasized the importance of including the Palestinians in regional cooperation projects,” the statement added.
