Jordan receives $250 mln from Kuwait

Jordanian Finance Minister Suleiman Hafez said that the Central Bank of Jordan (CBJ) has received $250 million from Kuwait as part of its contribution to a $5 billion grant for Jordan that was endorsed by the Gulf Cooperation Council (GCC) last year.  The minister thanked Kuwait over supporting the Kingdom, stressing the strong Jordanian-Kuwaiti relations in various fields.  During a GCC summit in December 2011, Saudi Arabia, the United Arab Emirates, Kuwait and Qatar decided to extend $5 billion to Jordan over a five-year period to support development projects in the Kingdom, with each paying $1.25 billion.