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EU Backed Jordan with USD2.2 Bln since 2011

EU Backed Jordan with USD2.2 Bln since 2011

Sunday, 9 December, 2018 - 13:45
Brussels - Abdullah Mustafa
The European Commission said, in a report published by Brussels, that the EU and Jordan participated in building and fostering a solid and strong partnership.

Commissioner for European Neighbourhood Policy and Enlargement Negotiations Johannes Hahn said: "The EU financial support to Jordan since 2011 has reached EDU2 billion (USD2.2 billion) and I can confirm that the EU will keep working with Jordan to strengthen its resilience by creating opportunities, promoting entrepreneurship, to generate economic growth and attracting foreign investors."

Weeks ago, Hahn visited Jordan to affirm that, "Jordan is a key partner for the EU. Our support is for the long-term, and the EU will continue to work with the Government to create opportunities, promote entrepreneurship and generate economic growth. This visit will allow me to identify how the EU can further support economic development and reforms in Jordan to strengthen the economy and attract foreign investors."

Further, the European Commission decided to boost EU-Jordan trade relations and the first tranche of EUR100 million of the second EU Macro-Financial Assistance program was made available to Jordan in October 2017.

The EU and Lebanon achieved important progress on their cooperation, which was marked by very strong political and economic support from the EU and the international community for Lebanon, praised the commission report.

This encouraging acknowledgement is made in the report issued on the partnership between the EU and Lebanon for the period from May 2017 to May 2018. It highlights key developments in EU-Lebanon cooperation with a particular focus on achieving the objectives set under the Partnership Priorities and Compact mutually agreed in November 2016.

"Attracting investments into Lebanon to stimulate jobs and growth will remain the priority for our cooperation with Lebanon", added Hahn.

"Our aim is to support economic prosperity, stability, and security of Lebanon as well as progress in democracy while helping Lebanon maintains its outstanding efforts to host refugees fleeing from the Syrian war."

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