The €500 million EU assistance is meant to bolster Jordan’s economic stability and support its ongoing reform agenda in the face of mounting internal and external challenges. It will help the country meet its outstanding external financing needs while creating the fiscal space necessary to sustain reform efforts.
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EU grants Egypt 4 bilion EUR
The disbursement of the EU loan would take place in three instalments, with the release of each instalment linked to satisfactory progress with the implementation of both the IMF programme and in relation to a number of additional policy measures to be agreed between the European Commission and the Egyptian authorities.
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