EU pledges $93M fresh funding to Jordan

The European Union announced additional support for Jordan, this time in the areas of good governance and economic growth.

Following the first meeting of the joint Jordan-EU Task Force in Amman, the European Union pledged new assistance to Jordan worth €70 million ($93 million) on Wednesday (Feb. 22). The 27-nation bloc will make €30 million “immediately” available.

The new funding brings EU’s total assistance to Jordan to nearly €300 million for 2011-2013. And with Jordan now a member of the European Bank for Reconstruction and Development, the country is now eligible for EBRD investments which could build up to €300 million in the next two or three years.

The European Union is Jordan’s largest grant donor. The relations between the two dates back to 1977, when both parties signed their first cooperation agreement. New EU initiatives under way in Jordan this year include support for the country’s justice and security sectors, media, and civil society.

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About the author

  • Jenny Lei Ravelo

    Jenny Lei Ravelo is a Devex Senior Reporter based in Manila. She covers global health, with a particular focus on the World Health Organization, and other development and humanitarian aid trends in Asia Pacific. Prior to Devex, she wrote for ABS-CBN, one of the largest broadcasting networks in the Philippines, and was a copy editor for various international scientific journals. She received her journalism degree from the University of Santo Tomas.