Jordan: EU approves further assistance of €500 million in loans
December 23, 2019
The European Council has adopted a decision to provide up to 500 million euros of macro-financial assistance to Jordan. The EU assistance will support the restoration of a sustainable external financing situation in Jordan, thereby supporting its economic stability, reform agenda and social development.
The assistance will be available for two and half years. It will be provided in the form of loans, to be disbursed in three instalments. The loans will have a maximum average maturity of 15 years.
Since the beginning of the Syrian crisis in 2011, the EU has made available more than 2.1 billion euros to Jordan under different instruments, including 380 million euros under the two previous macro-financial assistance programmes.