Jordan’s finances will receive a major boost with the World Bank’s approval on 4 June of a $1.45bn financing package to pump money into the cash-strapped country. The loan will be disbursed in two tranches, and contains guarantees of $250mn by the UK and $200mn by Saudi Arabia. Total World Bank commitments to Jordan will rise to $2.78billion.

Whilst the loan will help fund Jordan’s bloated public sector spending, it also sees the kingdom take on yet more debt –...