- Report from the Commission to the European Parliament and the Council on the implementation of macro-financial assistance to third countries in 2017 (Page 5-6)
- Commission Staff Working document background analysis per beneficiary country accompanying the document report from the Commission to the European Parliament and the Council on the implementation of macro-financial assistance to third countries in 2017 (Page 8-10)
- The Syrian Refugee Crisis: Labour Market Implications in Jordan and Lebanon, May 2016
- Implementation of the European Neighbourhood Policy in Jordan, March 2015, pp.8-9
- The EU’s Southern Neighbourhood: Macroeconomic Performance and Equity, December 2014
The European Commission is providing Jordan with Macro-Financial Assistance to cope with economic shocks, including the impact on its economy from the conflict in Syria.
The Memorandum of Understanding for a first round of Macro-Financial Assistance, totalling EUR 180 million, was signed in March 2014 while the funds were fully disbursed in 2015. The intensification of the regional conflicts in 2015 and 2016 worsened further the economic situation in Jordan by affecting key sectors such as tourism and trade as well as investment inflows. At the same time, the inflow of Syrian refugees which continued in 2015 and 2016 created important financing needs while the balance of payments and fiscal position remained vulnerable. Following Jordan's request in March 2016, the European Commission proposed on 29 June 2016 an additional Macro-Financial Assistance (MFA-II) to Jordan of up to EUR 200 million in medium-term loans. The decision on the MFA-II was adopted by the European Parliament and the Council on 14 December 2016 while the Memorandum of Understanding was signed between EU and Jordan on 19 September 2017.
This assistance is part of a wider effort by the EU and other international donors, agreed at the London conference “Supporting Syria and the region” in February 2016, to help Jordan and other countries in the region mitigate the economic and social impact stemming from the regional conflicts and the presence of a large number of Syrian refugees in the country. This was confirmed during the Brussels Conference on “Supporting the Future of Syria” in April 2017, and the EU-Jordan Association Council in July 2017.
Since the beginning of the Syrian crisis in 2011, the EU has made available under different instruments more than EUR 1.6 billion to Jordan to help the country preserve economic stability, sustain political and economic reform and address its related humanitarian, development and security needs. In addition, the European Investment Bank has made available EUR 264 million in loans to Jordan.
- 1st proposal for Macro-Financial Assistance to Jordan
- An ex-ante evaluation of the MFA programme
- The European Parliament and the Council formally approved the programme on 11 December 2013.
- Memorandum of Understanding between the European Union and the Hashemite Kingdom of Jordan for Macro-Financial Assistance of up to EUR 180 million
- 2nd proposal for Macro-Financial Assistance to Jordan
- An ex-ante evaluation of this second MFA programme was conducted prior to the publication of the Commission proposal. The European Parliament and the Council formally approved the programme on 14 December 2016
- Memorandum of Understanding between the European Union and the Hashemite Kingdom of Jordan for Macro-Financial Assistance of up to EUR 200 million
17 October 2017: EU approves €100 million in financial assistance for Jordan
19 September 2017: European Union signs €200 million assistance programme with Jordan
- 29 June 2016: Commission proposes further €200 million in Macro-Financial Assistance to Jordan
- 7 August 2015: EU approves the disbursement of €80 million in Macro-Financial Assistance to Jordan
- 10 February 2015: EU disburses EUR 100 million in Macro-Financial Assistance to Jordan
Related EU Policies and Activities
The links below provide additional information on EU-Jordan relations: