The European Commission, on behalf of the European Union (EU) Tuesday announced that it has disbursed 100 million euro in the form of loans to Jordan.
This is the first tranche of the Macro-financial assistance (MFA) programme to Jordan, which amounts to 180 million euros in total.
EU Commissioner for economic and financial affairs, Pierre Moscovici, commented: "This disbursement is a concrete sign of Europe's solidarity with the Jordanian people, who are exposed to severe tensions and the knock-on effects of regional crises." "We are living up to our promise to help the country, an important partner for the EU, to support its economic reforms and create the conditions for sustainable growth and employment", he added.
The EU's executive body said it continues to assist the government of Jordan in its on-going reform efforts in key sectors, ranging from renewable energy and energy efficiency to employment and private sector development.