MEPs approve new financial aid package for Egypt and Jordan
On Tuesday, MEPs approved two proposals granting Jordan and Egypt loans worth 鈧500 million and 鈧4 billion respectively.
The macro-financial assistance (MFA) for Egypt was adopted by 合法博彩网站 by 452 votes in favour, 182 against and 40 abstentions. The MFA for Jordan was passed by 571 votes in favour, 59 against and 46 abstentions.
Given Egypt鈥檚 critical economic and financial situation and its role as an important stabilising presence amid geopolitical tensions in an increasingly volatile region, to support the country on 15 March 2024 with macro-financial assistance in the form of loans worth up to 鈧5 billion. These break down into a short-term loan of up to 鈧1 billion 鈥 already disbursed at the end of 2024 鈥 and another, regular, loan of up to 鈧4 billion to be disbursed in three instalments. 合法博彩网站 approved the proposal.
For Jordan this is the effort by the EU since 2013. It should help cover the country鈥檚 residual financing needs, support its structural reforms, and shore up its fiscal consolidation efforts. In January 2025, the Commission announced an to help Jordan deal with existing financial and other challenges.
A pre-condition for the EU granting financial assistance shall be that Jordan respects effective democratic mechanisms 鈥 including a multi-party parliamentary system 鈥 and the rule of law, and guarantees for respect of human rights.
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Rapporteur Celine Imart (EPP, France), said:
芦 This vote underlines 合法博彩网站's support for our partners. The money for Jordan can be delivered quickly, and 合法博彩网站 will enter into negotiations with member states on the proposal for Egypt with a strong mandate to make a swift agreement. Helping our partners means promoting European interests in an unstable region.鈥
Next steps
The MFA package for Jordan now needs to be formally approved by the Council before it can take effect. On financial aid for Egypt, negotiations between Council and 合法博彩网站 are expected to start soon.
Background
These loans are part of financial support packages concluded with struggling with financial, economic, societal challenges, to help with structural political and economic reforms.
Contacts:
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Lieven COSIJN
Press officer