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Obama: US to provide new aid to Jordan

Obama: US to provide new aid to Jordan

President Barack Obama says the United States will provide Jordan with several hundred millions of dollars in aid.
A White House transcript on Wednesday of Obama's comments after his meeting with Jordan's king quoted the U.S. president as saying the funding would be channeled through the Overseas Private Investment Corp.
Obama said the funds would "leverage ultimately about $1 billion for economic development in Jordan."
OPIC, the U.S. government's development finance institution, provides private investors with financing and guarantees.
Obama praised King Abdullah's reform moves in light of months of street protests demanding more political say and economic change.


Updated : 2020-11-30 10:53 GMT+08:00