On Tuesday 19 September, European Commissioner for Economic and Financial Affairs, Taxation and Customs Pierre Moscovici signed an agreement for a second macro-financial assistance (MFA) programme with Jordan, worth €200 million.
The €200 million programme, in the form of medium-term loans at favourable financing conditions, will help Jordan cover its external financing needs in 2017 and 2018, support reform measures in the areas of public finance management and taxation, promote investments and exports, strengthen the country's social safety net, and foster job creation. It is part of the EU's comprehensive effort to help Jordan address the large flows of Syrian refugees who have fled there since the start of the conflict, and mitigate the economic impact of their presence.
The assistance was approved by the Council and European Parliament in November 2016 (see EUROPE 11611, 11675).
Jordan has already received €180 million in macro-financial assistance, which was approved in 2013 and disbursed in 2015. (Original version in French by Camille-Cerise Gessant)