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17 December 2019 The European Parliament approves a €500 million soft loan to Jordan

On 17 December, the European Parliament approved a €500 million soft loan to Jordan with a low-interest rate. The loan, which will support ongoing economic reforms in the Kingdom, was proposed in September by the European Commission as part of a new Macro-Financial Assistance (MFA) program. This new MFA aims to stimulate growth and investment, create jobs, support economic stability and speed up the implementation of reforms and it builds on the two previous MFA through which the EU has disbursed €380 million to Jordan since 2011. Besides, on 15 December, Jordan and USAID signed an agreement by which the US transferred $745 million to the Kingdom. This disbursement is part of US budgetary support to Jordan, enshrined in a Memorandum of Understanding signed between the two countries in 2018 by virtue of which the US will provide the Kingdom with $6 billion between 2018 and 2022. During 2019, the US has transferred to Jordan $1.15 billion of the total aid package, to which $300 million extra have been added, including $50 million allocated by the US Congress in recognition of the important role of Jordan in regional stability. On 17 December, the United Arab Emirates (UAE) conceded Jordan a $300 million grant to support limited-income people and improving the living conditions.