On the proposal for a decision of the European Parliament and of the Council on providing macro-financial assistance to the Hashemite Kingdom of Jordan
A-10-2025-0038
Committee on International Trade · Rapporteur: Céline Imart
- Voted on · Adopted 571–59–46 · See the decision →
- Full procedure 2024/0086
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Parliament adopts its position at first reading, taking over the Commission proposal for macro-financial assistance to Jordan of up to €500 million in loans.¶ The assistance aims to cover Jordan's residual financing needs, support economic stability, and is conditional on reforms in public governance, fiscal management, and anti-corruption.¶¶
Committee position. The Committee on International Trade proposes that Parliament adopt its position at first reading, taking over the Commission proposal unchanged.¶
Key points
- Parliament approves the Commission proposal for macro-financial assistance to Jordan of up to €500 million in loans.¶¶
- The loan will be provided under the External Action Guarantee with a provisioning rate of 9%, totaling €45 million, programmed under NDICI-GE.¶
- The assistance will be disbursed in three tranches over two and a half years, conditional on implementation of agreed economic policies.¶
- Jordan faces high unemployment (22.9% in 2022), public debt (88.7% of GDP in 2023), and budget deficit (5.1% of GDP in 2023).¶¶
- Jordan hosts 1.3 million Syrian refugees out of 3.8 million total refugees, about one-third of its population.¶
- The assistance complements an IMF program approved in January 2024 of $1.2 billion over four years.¶
- This is the fourth MFA operation for Jordan since 2014, totaling €1.08 billion to date.
- The Committee on Budgets notes the proposal requires €45 million in provisioning and may need revision if financial realities change.¶
- Disbursement will occur in three instalments between 2024 and 2027, linked to progress on IMF programme and policy measures.¶
- A precondition for assistance is Jordan's respect for effective democratic mechanisms and human rights.¶
- Proper monitoring and regular reporting to Parliament and Council on assistance developments are called for.¶
Who is affected
Figures and deadlines
- €500 million: maximum amount of macro-financial assistance in loans.¶
- 9%: provisioning rate under the External Action Guarantee, amounting to €45 million.¶
- 22.9%: unemployment rate in Jordan in 2022.¶
- 88.7% of GDP: public debt in 2023.
- 5.1% of GDP: budget deficit in 2023.¶
- 1.3 million: Syrian refugees in Jordan.¶
- €1.08 billion: total MFA to Jordan since 2014.¶
Legal basis: Article 294(2) and Article 212 of the Treaty on the Functioning of the European Union¶