Brussels proposes new macro-financial aid of 500 million for Jordan

BRUSSELS, April 8 () –

The European Commission has proposed this Monday macro-financial assistance for Jordan valued at 500 million euros, a package conditional on reforms, which would be the fourth of this type since 2013, and which will boost the country's ability to meet its economic needs. .

The aid would take the form of long-term loans on favorable conditions to be disbursed in three tranches conditional on the application of specific policy measures, pending agreement between Brussels and Amman in a Memorandum of Understanding.

These types of agreements usually include reforms related to economic governance, public financial management and tax administration, as well as social policy and labor market measures and measures to combat fraud, corruption and money laundering.

In the case of Jordan, it would be the fourth aid package since 2013, since then the bloc has disbursed 1.08 billion euros to address needs such as the response to the coronavirus pandemic, as well as to promote economic stability and promote transformative reforms in the kingdom. Hashemi.

This instrument will have to receive the green light from the European Parliament and the Twenty-seven for its approval.