Today, the Commission paid the third and final instalment of €200 million in Macro-Financial Assistance to Jordan.
This payment concludes the Macro-Financial Assistance-III operation for Jordan, which amounted to a total of €700 million, of which €200 million came from a package agreed in May 2020 to help Jordan mitigate the economic fallout of the COVID-19 pandemic. Jordan had received the first and second payments of €250 million each in November 2020 and July 2021.
This financial support is an important demonstration of the EU’s partnership and solidarity with Jordan. It has helped the country address its urgent financing needs, supported overall macro-economic stability and was a key driver of the implementation of transformative reforms.
Today’s payment comes after the Commission found that Jordan has broadly fulfilled the agreed policy conditions, which included important measures to improve public finance management, tax compliance, infrastructure management of water sector, annual reporting for the electricity sector, digital skills, and reforms to strengthen good governance, including anti-corruption measures. At the same time, Jordan continues to satisfy the necessary conditions as regards the respect of human rights and effective democratic mechanisms and a satisfactory track record under the International Monetary Fund programme.
With today’s disbursement, the EU has provided Jordan with €1.08 billion in MFA funds since 2013.
More information on Macro-Financial Assistance to Jordan is available here.
