Merkel pledges $100 million loan for troubled Jordanian economy

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German Chancellor Angela Merkel reviews an honour guard upon her arrival at the Jordanian Royal Palace in Amman on June 21, 2018. (AFP)
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erman Chancellor Angela Merkel talks with German soldiers stationed in Jordan, June 21, 2018. (Reuters)
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German Chancellor Angela Merkel (L) and Jordan's King Abdullah II pose as they shake hands after a press conference at the Royal Palace in the Jordanian capital Amman on June 21, 2018. (AFP)
Updated 21 June 2018
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Merkel pledges $100 million loan for troubled Jordanian economy

  • Merkel visited Jordan amid an escalating domestic row over migration
  • The chancellor said Germany will provide the $100 million loan in addition to bilateral aid which amounts to about 384 million euros ($442 million) this year.

AMMAN: German Chancellor Angela Merkel on Thursday promised a $100 million loan to troubled Jordan, where mass protests over austerity measures forced the prime minister to resign earlier this month.
Merkel visited the kingdom amid an escalating domestic row over migration. Standing next to Jordan’s King Abdullah II, she made no reference to the crisis that’s straining her ruling coalition.
The chancellor said Germany will provide the $100 million loan in addition to bilateral aid which amounts to about 384 million euros ($442 million) this year. She said she hopes the additional funds will help Jordan carry out economic reforms sought by the International Monetary Fund.
The IMF is seeking such reforms to lower Jordan’s public debt-to-GDP ratio, which has risen to about 96 percent, in part because of the continued economic fallout from Syria’s civil war and other regional crises.
“We are aware of the challenges you face, both in the realm of security and in civil society development,” Merkel said, adding that she wished the government success in implementing “needed reforms.”
“The IMF, and it’s known for this, often has very ambitious ideas about reforms, and implementing them is anything but simple,” she said.
Merkel is meanwhile facing a serious crisis in her coalition.
Bavaria’s Christian Social Union party demands that some migrants should be turned back at Germany’s borders, and has given her two weeks to reach agreement with European partners. Interior Minister Horst Seehofer, the CSU’s leader, is threatening to go ahead unilaterally with his plans if she doesn’t — potentially threatening the governing coalition.
Leaders from a group of European Union countries, led by Germany and France, will meet Sunday to thrash out possible solutions.


Sudan’s military council, opposition coalition agree political accord

Updated 17 July 2019
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Sudan’s military council, opposition coalition agree political accord

  • The constitutional declaration is expected to be signed on Friday
  • The deal aims to help the political transition in Sudan

KHARTOUM: Sudan’s ruling military council and an opposition alliance signed a political accord on Wednesday as part of a power-sharing deal aimed at leading the country nation to democracy.
The agreement was signed in Khartoum in the presence of African mediators following a night of talks to iron out some details of the agreement reached earlier this month.
The deal is meant to pave the way to a political transition in Sudan after military leaders ousted former President Omar Al-Bashir in April following weeks of protests against him.
“We want a stable homeland, because we have suffered a great deal,” Ibrahim Al-Amin, a leader in the opposition Forces of Freedom and Change coalition, said after the ceremony.
Ethiopian mediator Mahmud Dirir said Sudan needed to overcome poverty and called for the country to be taken of a US list of states that support terrorism.
The sides are still working on a constitutional declaration, which is expected to be signed on Friday.