Watch Newsy On TV

3 Gulf States Pledge $2.5 Billion In Aid To Jordan

According to a joint statement from Saudi Arabia, Kuwait and the United Arab Emirates, the three nations are pledging $2.5 billion in aid.
SMS
3 Gulf States Pledge $2.5 Billion In Aid To Jordan

Three Gulf states have promised to give Jordan billions of dollars as the country deals with mass protests over the government's austerity measures.

According to a joint statement from Saudi Arabia, Kuwait and the United Arab Emirates, the three nations pledged $2.5 billion in aid.

The aid package includes a deposit in Jordan's central bank, World Bank guarantees, funding to support the country's budget for five years and money for development projects.

Earlier this month, angry protesters across the country started demonstrating against a series of price hikes and an income tax reform bill.

The protests prompted Jordan's prime minister to step down last week. The former education minister has taken his place.