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Commission proposes EUR 500 million in Macro-Financial Assistance to Jordan

On 5 September, the Commission adopted a proposal for a new Macro-Financial Assistance (MFA) programme for Jordan worth up to EUR 500 million.

date:  12/09/2019

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On 5 September, the Commission adopted a proposal for a new Macro-Financial Assistance (MFA) programme for Jordan worth up to EUR 500 million. The proposed financial assistance aims to support the ambitious Jordanian reform agenda, promoting jobs, growth and investment for the benefit of the people of Jordan. The new programme builds on the two previous MFA programmes through which the EU has disbursed a total of EUR 380 million to Jordan since 2011. A recent evaluation on the implementation of MFA operations concluded that the first MFA programme was relevant to Jordan's economic challenges and in line with the EU's priorities. The evaluation also found that the programme was implemented efficiently and in close coordination with the Jordanian authorities, helped preserve macro-economic stability, and had a positive social impact. The Commission's proposal for a third MFA programme with Jordan is subject to the approval of the European Parliament and of the Council of the EU under the ordinary legislative procedure.