EU approves assistance package for Jordan of up to 500 million euros

The aim is for this support to strengthen Jordan's economy, which called for additional help in 2023, to address "the growing internal and external challenges" and "satisfy its outstanding external financing needs, while creating the fiscal space necessary to sustain reform efforts", the EU Council reported in a statement.

The amount, according to a statement, will also help Jordan meet its outstanding external financing needs, while creating the necessary budgetary margin to support reform efforts. The AMF, provided in response to Amman's request for additional support, made in October 2023, will be available for two and a half years and will be granted in the form of concessional loans, granted under conditions that allow Jordan to repay them over a long period,…