EU pledges further aid to Jordan

15-09-2016

Since 2011, Jordan's economy has suffered from the negative spill-overs of the on-going regional conflicts and the Syrian refugee crisis, weakening the country's fiscal and external financing position. In line with the EU's objective to support the stability and development of Jordan's economy, the European Commission has presented a proposal to grant the country a second package of macro-financial assistance (MFA). Amounting to a maximum of €200 million, the assistance would help the country cover a part of its external financing needs. The first MFA package, worth €180 million, was approved in 2013 and fully disbursed in 2015. In addition to the significant resources mobilised by the multilateral and bilateral donors, this second MFA would, by strengthening the economy, contribute to Jordan's overall stability, which is a high priority for the EU. A more recent edition of this document is available. Find it by searching by the document title at this address: http://www.europarl.europa.eu/thinktank/en/home.html

Since 2011, Jordan's economy has suffered from the negative spill-overs of the on-going regional conflicts and the Syrian refugee crisis, weakening the country's fiscal and external financing position. In line with the EU's objective to support the stability and development of Jordan's economy, the European Commission has presented a proposal to grant the country a second package of macro-financial assistance (MFA). Amounting to a maximum of €200 million, the assistance would help the country cover a part of its external financing needs. The first MFA package, worth €180 million, was approved in 2013 and fully disbursed in 2015. In addition to the significant resources mobilised by the multilateral and bilateral donors, this second MFA would, by strengthening the economy, contribute to Jordan's overall stability, which is a high priority for the EU. A more recent edition of this document is available. Find it by searching by the document title at this address: http://www.europarl.europa.eu/thinktank/en/home.html