Commission proposes €500 million of Macro-Financial Assistance to Jordan

The European Commission has adopted a proposal for a new Macro-Financial Assistance (MFA) programme to Jordan worth up to €500 million. The proposed financial assistance aims to provide support to the ambitious Jordanian reform agenda, promoting jobs, growth and investment for the benefit of the people of Jordan. The new programme would build on the two previous MFA programmes through which the EU has disbursed a total of €380 million to Jordan since 2011. MFA is one element of the support the EU provides to Jordan to assist it in mitigating the economic and social impact of the Syrian crisis. Pierre Moscovici, Commissioner in charge of Economic and Financial Affairs, Taxation and Customs, said: “Today’s proposal demonstrates the EU’s sustained commitment to supporting Jordan in what remain challenging times. Jordan has made significant strides in its reform process; but addressing economic difficulties requires continued action. The Commission stands ready to work closely with the Jordanian authorities to deliver the vital economic reforms necessary to secure a stronger, more stable economy for the benefit of its people.”