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Council endorses €200 million financial assistance to Jordan – in brief

The Council endorsed on 4 November a decision jointly reached with the European Commission and the European Parliament to allocate €200 million in macro-financial assistance to Jordan. In a statement the Council said the Commission will “if appropriate” propose in 2017 to “extend and increase the financial assistance” to Jordan.

The assistance, which is meant to help Jordan address the Syrian refugee crises, will be available for two and a half years. It will be provided in the form of loans, to be disbursed in two instalments. The loans will have a maximum average maturity of 15 years.

The Parliament is expected to approve the decision at first reading during its plenary sitting on 23 November.

This decision originates from the commitment made at the ‘Syria and the Region conference’ in London, at which the EU pledged €2.39 billion in support of Syria, Jordan, Lebanon and Turkey.

Since July 2016, at Jordan’s request, the EU has softened its Rules of Origin for products manufactured employing Syrian refugee labour in Jordan’s Special Economic Zones.

By Hermine Donceel