- Title: UNITED STATES: UNITED STATES ANNOUNCES $100 MILLION AID FUND FOR JORDAN
- Date: 17th June 1997
- Summary: WASHINGTON, D.C., UNITED STATES (JUNE 17, 1997) (RTV - ACCESS ALL) 1. SLV U.S. SECRETARY OF STATE MADELEINE ALBRIGHT AND JORDAN'S CROWN PRINCE HASSAN TAKING PLACES AT PODIUMS AT PRESS CONFERENCE 0.09 2. SLV SPECIAL U.S. MIDDLE EAST ENVOY DENNIS ROSS LISTENING 0.13 3. SCU ALBRIGHT ANNOUNCING 100 MILLION U.S. DOLLAR AID TO JORDAN, SAYING THE PURPOSE IS TO AID JORDAN AS IT PROGRESSES ON ITS PATH TO ECONOMIC DEVELOPMENT AND THAT JORDAN HAS HELPED SUPPORT STABILITY AND PROSPERITY IN THE MIDDLE EAST. SHE APPLAUDS EGYPTIAN PRESIDENT HOSNI MUBARAK AND ISRAELI PRIME MINISTER BENJAMIN NETANYAHU FOR THEIR COOPERATION. THE CREATION OF THE FUND SHOWS SUPPORT FOR JORDAN AS IT EMBRACES DEMOCRACY AND IS AT THE FOREFRONT OF PEACE EFFORTS AND REGIONAL COOPERATION AND STABILITY (ENGLISH) 1.06 4. SV U.S. AND JORDANIAN OFFICIALS LISTENING 1.11 5. SV/ZOOM IN CROWN PRINCE HASSAN THANKING THE U.S. FOR THE AID AND SAYING JORDAN BELIEVES IN DOING GOOD THINGS IN BAD TIMES AND IS GRADUATING FROM THE AID CLUB (ENGLISH) 2.08 6. SV U.S. AND JORDANIAN OFFICIALS LISTENING 2.12 7. SCU/ZOOM OUT/PAN ALBRIGHT AND CROWN PRINCE HASSAN LEAVING PODIUM 2.28 Initials s3, p3 Script is copyright Reuters Limited. All rights reserved.
- Embargoed: 2nd July 1997 13:00
- Location: WASHINGTON, D.C., UNITED STATES
- Country: USA
- Reuters ID: LVAC5UJ7LK06L18AAUAM6R40X9KI
- Story Text: INTRO: The United States (U.S.) announced on Tuesday it was taking $100 million out of this year's aid to Israel and Egypt, and giving it to Jordan to reward the country for its dedication to Middle East peace.
The aid to Jordan will be channelled through a newly-created Middle East peace and stability fund. U.S. Secretary of State Madeleine Albright said it was part of President Bill Clinton's policy of rewarding those who "take risks for peace".
The decision was seen as an attempt to bolster support for the struggling peace process among Jordanians disappointed by the lack of tangible benefits so far for recognising Israel.
The fund was supported by Egyptian President Hosni Mubarak and Israeli Prime Minister Benjamin Netanyahu, Albright told a joint news conference with Jordan's Crown Prince Hassan.
State Department spokesman Nicholas Burns said the money would be raised by equal $50 million deductions from aid to Israel, which stands at some $3 billion annually, and Egypt, which receives about $2.1 billion.
Jordan's Crown Prince Hassan, King Hussein's brother, thanked the U.S. for creation of the fund. He told reporters Jordan would hopefully not need such aid in the future because it was "gradually graduating from the aid club." Jordan signed a peace treaty with Israel in 1994 and has persevered with it despite the paralysis that has developed in the peace process since Netanyahu's Likud government took over from Israel's former Labour administration last year. Benjamin Netanyahu.
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