This assistance is part of a wider effort by the EU and other international donors, agreed at the London conference “Supporting Syria and the region” in February 2016, to help Jordan and other countries in the region mitigate the economic and social impact stemming from the regional conflicts and the presence of a large number of Syrian refugees in the country.
The EU MFA will help Jordan cover its external financing needs in 2016 and 2017, while supporting reform measures aimed at strengthening the balance of payments and budgetary position, improving the investment climate and fostering economic integration and regulatory convergence with the EU. The ultimate aim is to help Jordan lay the conditions for sustainable, inclusive and job-creating economic growth for the benefit of the Jordanians as well as the Syrian and other refugees living in Jordan.
The European Parliament and the Council need to approve the new MFA programme before disbursements could start later this year. (EU Neighbourhood Info)