It has just been announced that the U.S. Treasury Department boasted that the government of Jordan had closed on a $1.25 issuance of sovereign debt guaranteed by the U.S. government.
This guarantee marks the conclusion of a process that President Obama set in motion in March 2013 when he visited Jordan.
During his visit, President Obama noted that a U.S. guarantee, “can help deliver the results that Jordanians deserve… to see their schools better, their roads improved, healthcare, clean water all enhanced, the training that I know a lot of Jordanians seek, particularly young people, to get a job or to turn entrepreneurial skills into a business that creates even more jobs.”
During his visit, President Obama noted that a U.S. guarantee, “can help deliver the results that Jordanians deserve… to see their schools better, their roads improved, healthcare, clean water all enhanced, the training that I know a lot of Jordanians seek, particularly young people, to get a job or to turn entrepreneurial skills into a business that creates even more jobs.”
That vision was further affirmed by the signing of a loan guarantee agreement in Amman on August 14, 2013.
The U.S. government is committed to supporting Jordan’s efforts to provide critical services to its citizens as it enacts economic reforms to increase Jordan’s macroeconomic stability and hosts more than half a million refugees fleeing the violence inside Syria.
This loan guarantee also reinforces Jordan’s work with other donors, including the International Monetary Fund (IMF) and International Bank for Reconstruction and Development (IBRD), to implement its economic reform agenda.
Read more - http://libertyblitzkrieg.com/2013/11/01/u-s-treasury-department-guarantees-debt-issued-by-the-jordanian-government/
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