The European Commission adopted on Monday 9 September a proposal to provide further Macro-Financial Assistance to Jordan.
This is the logical follow-up to the start of negotiations for this third assistance programme last June (see EUROPE 12283/17). “Today’s proposal demonstrates the EU’s sustained commitment to supporting Jordan in what remain challenging times”, said Pierre Moscovici, Commissioner for Economic and Financial Affairs.
With a budget of up to 500 million euros, this aid aims to support the implementation of socio-economic reforms in the Kingdom of the Middle East and to promote employment, growth and investment. The support in question takes the form of long-term loans with low interest rates, subject to the condition that specific measures are put in place.
Macro-Financial Support is one of the instruments used by the EU to support Jordan in the aftermath of the Syrian crisis. Since 2011, the EU has also disbursed 380 million euros to help the Jordanian government. (Original version in French by Lucas Tripoteau)