The European Commission, on behalf of the EU, has approved the disbursement of a €100 million loan to Jordan. With today’s disbursement, the EU has now provided Jordan with €380 million in Macro-Financial Assistance (MFA) funds since 2013. The current MFA programme has helped Jordan to cover its financing needs and supported the implementation of its structural reform agenda. MFA funds are made available in the form of low-interest long-term loans, conditional on the implementation of specific policy measures agreed in the Memorandum of Understanding.
Commissioner for European Neighbourhood Policy and Enlargement Negotiations Johannes Hahn is currently in Amman, Jordan. The Commissioner will lead a high-level mission with the main European and International Financial Institutions to discuss support to Jordan socio-economic reform agenda with country’s authorities, private sector and civil society organisations.
The EU will continue to follow closely economic developments in Jordan in close cooperation with international organisations such as the IMF and the World Bank, as well as with multilateral and bilateral donors. The EU will continue working with the Jordanian authorities and stakeholders on the implementation of the country’s reform agenda.
Information on EU cooperation with Jordan is available online. A press release on the MFA assistance is available here. More info on the visit of Commissioner Hahn is available here. Photos and videos will be available on EbS.