The Council officially adopted a decision to provide up to €500 million in macro-financial assistance (MFA) to Jordan.The EU assistance will bolster Jordan’s economic stability and support its ongoing reform agenda in the face of mounting internal and external challenges. It will help the country meet its outstanding external financing needs while creating the fiscal space necessary to sustain reform efforts.The assistance, provided in response to Jordan’s request for additional support in October 2023, will be available for two and a half years and will be provided in the form of concessional loans, granted at terms that allow Jordan to repay them during a long period, including a possible grace period. Loans will be disbursed in three instalments.The new support for Jordan will be provided under conditions outlined in a memorandum of understanding (MoU) between Jordan and the European Commission. The disbursement of instalments will be contingent on Jordan's progress with the reforms specified in the MoU. Additionally, Jordan must continue to uphold democratic mechanisms, the rule of law, and human rights throughout the programme. Monitoring will be conducted by the Commission and the European External Action Service (EEAS). (ICE AMMAN)

Fonte notizia: european