The European Commission Wednesday announced that it has paid the third and final installment of 200 million euro (USD 220 million) in Macro-Financial Assistance (MFA) to Jordan.
This payment concludes the Macro-Financial Assistance operation for Jordan, which amounted to a total of 700 million euro (USD 772 million). Jordan had received the first and second payments of 250 euro million (USD 275 million) each in November 2020 and July 2021.
“This financial support is an important demonstration of the EU’s partnership and solidarity with Jordan. It has helped the country address its urgent financing needs, supported overall macro-economic stability and was a key driver of the implementation of transformative reforms,” said the EU?’s executive body in a press statement.
Today?’s payment comes after the Commission said it found that Jordan has broadly fulfilled the agreed policy conditions, which included important measures to improve public finance manage.
At the same time, Jordan continues to satisfy the necessary conditions as regards the respect of human rights and effective democratic mechanisms and a satisfactory track record under the International Monetary Fund programme, it said .
With today’s disbursement, the EU has provided Jordan with 1.08 billion euro (USD 1.19 billion) in MFA funds since 2013, it added
Source: Kuwait News Agency