Staff from the European Commission and from the European Central Bank visited Portugal from 29 November to 7 December to conduct the fifth post-programme surveillance (PPS) mission. This visit also served as specific monitoring by the European Commission in the framework of the EU Macroeconomic Imbalance Procedure. The mission was coordinated with the IMF's fifth post-program monitoring mission. Staff from the European Stability Mechanism also participated in the mission on aspects related to its Early Warning System.
The Council adopted a decision providing €200 million in macro-financial assistance to Jordan, to help cover its balance of payments needs. The EU assistance will help the country's economic stabilisation and will support a substantive reform agenda. It will supplement resources provided by the IMF, which has been discussing with Jordan a new support programme.
More information on financial assistance to Jordan.
On 6 December 2016, the Council agreed its stance on a proposal to extend the lifespan of the European fund for strategic investments (EFSI), the EU's flagship initiative under its 'investment plan for Europe'.
The Eurogroup discussed countries' draft budgets, was briefed on the ongoing second review of Greece's economic adjustment programme and adopted its work programme for the 1st half of 2017.