US signs third loan guarantee with Jordan up to USD 1.5 billion

(MENAFN- Kuwait News Agency (KUNA)) The US signed a third sovereign loan guarantee with Jordan on Sunday that guarantees repayment up to USD 1.5 billion in part of a "broader US commitment to help ensure Jordanian stability, security, and economic growth," the State Department indicated in a statement.

The proceeds from the US guaranteed bonds will "ensure that Jordan can continue to provide critical services to its citizens as it hosts the nearly 630,000 refugees registered by the United Nations High Commissioner for Refugees who have fled the violence in Syria," the statement said.

Jordan previously issued sovereign bonds worth USD 1.25 billion in 2013 and USD 1 billion in 2014 with US Government guarantees.

"Both of the previous guarantees were successful in supporting Jordan's reform efforts during a time of regional instability," the State Department affirmed.