President Obama announces $1 billion loan guarantee for Jordan at Sunnylands
Saturday, February 15, 2014
At a press briefing inside Sunnylands on February 14, 2014, President Obama met with King Abdullah II of Jordan and announced that the U.S. would continue support for Jordan through 2019, including $1 billion in loan guarantees.
When making the announcement, the President said, “And it’s wonderful to be able to host [the King] here at beautiful Sunnylands. I want to thank the Annenberg Group that has maintained this wonderful facility and made it available to us.” King Abdullah said, “There are many challenges in our region and beyond, and I look forward to working with the United States and the international community on how we can best bring peace and prosperity not only to the region but beyond.”
Administration spokesman Eric Schultz said the President chose Sunnylands for this important meeting because it allows a chance for intimate discussion outside “the swirl of Washington.”
The President also said that U.S. aid over the next five years was to help the kingdom cope with more than 600,000 refugees who have fled Syria because of the civil war in that country. “The people of Jordan have been very generous” taking in the refugees, acknowledged President Obama. “It puts a great strain on the resources of Jordan.”
President Obama's Bilateral Meeting with His Majesty King Abdullah II of Jordan
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