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-10-2025-0245
Committee on International Trade · Rapporteur: Céline Imart
- Voted on · Adopted 585–34–45 · See the decision →
- Full procedure 2025/0251
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Parliament's position at first reading on the proposed decision to provide macro-financial assistance to Jordan adopts the Commission proposal for up to EUR 500 million in loans.¶ The assistance aims to cover Jordan's residual financing needs, support economic stability, and address challenges like high public debt, unemployment, and external deficits.¶¶ Disbursement will occur in three tranches over two and a half years, conditional on implementing agreed economic policy reforms in the Memorandum of Understanding.¶
Committee position. The Committee on International Trade proposes that Parliament adopt its position at first reading, taking over the Commission proposal.¶
Key points
- Parliament adopts its position at first reading, taking over the Commission proposal for macro-financial assistance to Jordan.¶
- The proposed assistance is up to EUR 500 million in loans, complementing a previous EUR 500 million operation.¶¶
- The loan will be provided under the External Action Guarantee with a provisioning rate of 9%, amounting to EUR 45 million under NDICI–Global Europe.¶
- The MFA will have a validity period of two and a half years following the entry into force of the Memorandum of Understanding.¶
- Disbursement will occur in three tranches, contingent upon full and timely implementation of agreed economic policies in the MoU.
- Reforms in the MoU cover public financial management, governance, anti-corruption, social and labour market policies, energy, and business environment.¶
- Parliament expects full transparency and regular information on progress towards policy conditions and fulfilment of pre-conditions, including political pre-condition on democratic mechanisms and human rights.¶
Who is affected
Figures and deadlines
Legal basis: Article 294(2) and Article 212 of the Treaty on the Functioning of the European Union¶