Theresa May to launch support for Jordan as ‘beacon of stability’ in Middle East

Theresa May is set to announce new support for Jordan to ensure the Middle East kingdom remains a “beacon of stability” in an unstable region.

Among the package of economic measures is a commitment to underwriting a £188 million World Bank loan to help the country borrow money at a lower rate and manage its national debt.

Speaking at a major conference in London, the PM is expected to say “unlocking that potential, to enable Jordan to prosper and remain a beacon of stability, matters to all of us”.

US Treasury Secretary Steve Mnuchin, Interim President of the World Bank Kristalina Georgieva and EU Foreign Affairs Representative Federica Mogherini are all expected to attend the day-long event.

International Development Secretary Penny Mordaunt will open the event, followed by a speech from Jordanian King Abdullah II.

Mrs May will add: “Jordan sits at the centre of a region that has faced turbulence and uncertainty over the last decade.

“Jordan has been steadfast in the fight against terrorism. Steadfast as an ally in the Global Coalition against Daesh .

“Steadfast in pursuing peace and promoting stability in the Middle East.

“For decades, on these, and other issues, Jordan and the UK have stood side by side.

“As I told leaders at the first EU-League of Arab States Summit earlier this week – a stable, peaceful, prosperous region matters to the UK, Europe and beyond.”

She will say the UK’s plan to underwrite the loan to Jordan will “open the door to reinvigorating Jordan’s economy” and stimulate the growth needed to create jobs.