EU Approves Financial Assistance for Jordan | Business | Ammon News

EU Approves Financial Assistance for Jordan

[10/23/2017 3:33:45 PM]

AMMONNEWS - The European Commission, on behalf of the European Union (EU) has approved the disbursement of a EUR100 million (USD117,4 million) loan to Jordan under its Macro-Financial Assistance programme, expected to take place during the course of 2018.

This disbursement marks the launch of the second Macro-Financial Assistance programme for Jordan with a total worth of EUR200 million (USD235 million).

The assistance is intended to strengthen the country's foreign exchange reserve position and to help Jordan meet its balance of payments and budgetary financing needs.

It will also help with public finance management, the tax and social safety net systems, education and professional training, aimed at increasing employment opportunities for both Jordanian citizens and Syrian refugees living in Jordan.

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