Japanese Foreign Minister Yoshimasa Hayashi announced the loan during a visit to Amman on Sunday. Reuters
Japanese Foreign Minister Yoshimasa Hayashi announced the loan during a visit to Amman on Sunday. Reuters
Japanese Foreign Minister Yoshimasa Hayashi announced the loan during a visit to Amman on Sunday. Reuters
Japanese Foreign Minister Yoshimasa Hayashi announced the loan during a visit to Amman on Sunday. Reuters

Japan to offer $100 million loan to Jordan


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The Japanese government has granted a soft loan of $100 million to Jordan to support the kingdom's economic reforms, the official Jordanian news agency said on Sunday.

Japan is among international powers allied with Washington that provide direct budgetary support to Jordan, as well as grants and loans for infrastructure and other projects.

The announcement was made during a visit to Amman by Japanese Foreign Minister Yoshimasa Hayashi.

“We will soon start wider economic and financial co-operation with our friends in Japan,” Jordanian Foreign Minister Ayman Al Safadi said after meeting Mr Hayashi.

Since 2020, Jordan has been undertaking a reform programme supervised by the IMF to curb public debt almost the size of its economy, and to lower its unemployment rate of around 23 per cent.

Mr Hayashi said Japan would help Jordan to deal with economic issues, as well as health care and refugee concerns, without giving more details.

Japan is a main financier of Jordanian infrastructure projects. On Sunday, the two sides signed a deal that would see Japan spend $6.5 million to help increase power generation in the kingdom.

During a visit to Japan in April, Jordan's King Abdullah discussed development with Japanese Prime Minister Fumio Kishida.

Mr Kishida said Japan wanted to “contribute to the urgent challenges facing Jordan, such as increasing investment from abroad and reducing unemployment”.

The visit to Japan was King Abdullah's twelfth since he became monarch in 1999, demonstrating the importance of Tokyo's support to the kingdom, which has a defence pact with the US and is a main recipient of US financial aid.

King Abdullah was accompanied on the visit by his wife Queen Rania and their son, Crown Prince Hussein. They met Emperor Naruhito and Empress Masako at the Imperial Palace in Tokyo.

The kingdom has been feeling growing economic pressure, but it has remained one of the largest recipients of US aid, and also receives substantial support from Germany and other European countries.

The BIO:

He became the first Emirati to climb Mount Everest in 2011, from the south section in Nepal

He ascended Mount Everest the next year from the more treacherous north Tibetan side

By 2015, he had completed the Explorers Grand Slam

Last year, he conquered K2, the world’s second-highest mountain located on the Pakistan-Chinese border

He carries dried camel meat, dried dates and a wheat mixture for the final summit push

His new goal is to climb 14 peaks that are more than 8,000 metres above sea level

Australia squads

ODI: Tim Paine (capt), Aaron Finch (vice-capt), Ashton Agar, Alex Carey, Josh Hazlewood, Travis Head, Nathan Lyon, Glenn Maxwell, Shaun Marsh, Jhye Richardson, Kane Richardson, D’Arcy Short, Billy Stanlake, Marcus Stoinis, Andrew Tye.

T20: Aaron Finch (capt), Alex Carey (vice-capt), Ashton Agar, Travis Head, Nic Maddinson, Glenn Maxwell, Jhye Richardson, Kane Richardson, D’Arcy Short, Billy Stanlake, Marcus Stoinis, Mitchell Swepson, Andrew Tye, Jack Wildermuth.

Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Abu Dhabi card

5pm: Handicap (TB) Dh100,000 2,400m

5.30pm: Wathba Stallions Cup Handicap (PA) Dh 70,000 2,200m

6pm: Abu Dhabi Fillies Classic Prestige (PA) Dh110,000 1,400m

6.30pm: Abu Dhabi Colts Classic Prestige (PA) Dh110,000 1,400m

7pm: Handicap (PA) Dh85,000 1,600m

7.30pm: Maiden (PA) Dh80,000 1,600m

The National selections:

5pm: Valcartier

5.30pm: AF Taraha

6pm: Dhafra

6.30pm: Maqam

7pm: AF Mekhbat

7.30pm: Ezz Al Rawasi  

Updated: September 03, 2023, 4:17 PM