Jordan, EU to sign loan deal today

By Omar Obeidat - Mar 17,2014 - Last updated at Mar 17,2014

AMMAN — Jordan and the EU will sign a soft loan agreement on Tuesday worth 180 million euros (around JD177 million) as macro-financial assistance, Minister of Planning and International Cooperation Ibrahim Saif said Monday.

The agreement of the medium-term loan will be signed in Brussels by Minister of Finance Umayya Toukan and Governor of the Central Bank of Jordan Ziad Fariz on behalf of the Jordanian government, the minister said after he signed a long-term loan agreement with Japan worth JD82 million.

With the loans from the EU and Japan, Jordan have secured financing in concessional loans worth around JD437 million (around $617 million) in just four days as the World Bank on Thursday approved a $250 million to support the Kingdom’s budget to ease financial strains caused by the influx of hundreds of thousands of Syrian refugees.

According to the EU, Jordan would be the first partner country in the Southern neighbourhood to benefit from such exceptional financial instrument.

The EU assistance would be disbursed over two years.

Rate

EU, Jordan sign 180m euro loan agreement

Mar 18,2014

The European Commission signed a 180 million euro aid package for Jordan on Tuesday to help it assist refugees from Syria and cope with a disruption of gas imports from Egypt.

‘Treasury set to receive boost this year as significant funds expected’

May 11,2014

Finance Ministry Secretary General Omar Zu’bi on Sunday described the budget performance as encouraging, saying the Treasury will receive hundreds of millions during this year in grants and low-interest loans.

EU approves 200 million euros in macro-financial aid to Jordan

Nov 05,2016

AMMAN — The Permanent Representatives Committee at the EU on Friday endorsed, on behalf of the European Council, a decision to provide 200 m