On Saturday, US President Joe Biden pledged to provide Jordan with $1.45 billion in assistance per year.
Following a meeting between Biden and Jordanian King Abdullah II on the sideline of a US-Arab summit in the Saudi city of Jeddah, the pledge was announced in a joint statement.
Biden announced his intention to sign a memorandum of understanding (MoU) for assistance for Jordan with a value of $1.45 billion per year beginning in 2023 and ending in 2029, the statement said.
The statement read, “The MoU is designed to address Jordan’s extraordinary needs, support King Abdullah II’s economic reform program, and ensure the long-term strength of the close partnership between the United States and Jordan.”
It further added, “The MoU represents a major US political commitment to Jordan’s stability and the durability of the partnership.”
Both leaders “highlighted the strong defense partnership between the two countries, and reiterated commitment to their partnership in the fight against terrorism,” according to the statement.
A four-day trip to the Middle East region later on Saturday, which included Saudi Arabia, Israel, and the West Bank, is scheduled to be completed by Biden. The tour is seen as a US attempt to assert leadership in the region against Russia and China.