AMMAN, Dec 18 (NNN-PETRA) – Jordan said, the European Parliament approved with a vast majority, to grant Jordan a soft loan of 500 million euros (557 million U.S. dollars) with a low-interest rate.
According to a statement by Jordan’s Foreign Ministry, the loan seeks to support Jordan’s economy and alleviate the burdens of regional crises.
The ministry said, the EU’s decision is a big appreciation for Jordan’s role in the region.
The new programme would build on the two previous Macro-Financial Assistance (MFA) programmes, through which the EU has disbursed a total of 380 million euros to Jordan, since 2011.
The ministry added that, the European Commission adopted a proposal in Sept, to provide Jordan with 500 million euros, as part of a new MFA programme, to stimulate growth and investment, create jobs, support economic stability and speed up procedures to implement economic reforms.
