Economic analysis
- Report from the Commission to the European Parliament and the Council on the implementation of macro-financial assistance to third countries in 2019 (Page 6-7)
- Commission Staff Working document background analysis per beneficiary country accompanying the document report from the Commission to the European Parliament and the Council on the implementation of macro-financial assistance to third countries in 2018 (Page 8-11)
- The Syrian Refugee Crisis: Labour Market Implications in Jordan and Lebanon, May 2016
- Implementation of the European Neighbourhood Policy in Jordan, March 2015, pp.8-9
- The EU’s Southern Neighbourhood: Macroeconomic Performance and Equity, December 2014
Evaluations
- Evaluation
- Directorate-General for Economic and Financial Affairs
This evaluation was concluded in September 2021 and represents the first example of a joint evaluation of two MFA operations to Tunisia and Jordan.
- Evaluation
- Directorate-General for Economic and Financial Affairs
In the framework of the 2016-2020 multi-annual evaluation plan of the Directorate-General for Economic and Financial Affairs, an evaluation of the macro-financial assistance (MFA) operations in Jordan was undertaken by ECORYS BV under a DG ECFIN framework contract.
Macro-financial assistance
Since 2011, the Jordanian economy has been significantly affected by regional unrest, notably in neighbouring Iraq and Syria. The European Commission is providing Jordan with Macro-Financial Assistance (MFA) to cope with economic shocks, including the impact on its economy from the conflict in Syria and the presence of a large number of Syrian refugees.
MFA V
On 5 August 2025, the European Commission adopted a proposal for a new €500 million Macro-Financial Assistance programme to support Jordan. The proposed macro financial assistance is designed to ease external financing pressures, reinforce fiscal discipline, and keep momentum behind Jordan’s structural reform agenda. By doing so, the EU aims to back the country’s efforts to create jobs, attract investment, and unlock more inclusive economic growth.
- 20 JANUARY 2026
- 5 AUGUST 2025
- 5 AUGUST 2025
MFA IV
On 8 April 2024, the Commission adopted a proposal for a new, €500 million Macro-financial Assistance programme for Jordan. The proposed financial assistance aims to help Jordan cover part of its external financing needs, support the fiscal consolidation effort and support structural reform efforts, so that Jordan’s ambitious reform agenda can continue, promoting jobs, growth and investment.
- 25 AUGUST 2025
- 14 APRIL 2025
- 8 APRIL 2025
- 8 APRIL 2024
MFA in the context of the COVID-19 pandemic
On 22 April 2020, the Commission adopted a proposal for a €3 billion MFA package to ten enlargement and neighbourhood partners to help them limit the economic fallout of the coronavirus pandemic. The decision was adopted by the European Parliament and the Council on 25 May 2020. As part of this package, the EU agreed on a MFA programme of EUR 200 million to Jordan (reinforcing the resources made available under MFA-III that was approved by co-legislators in January 2020). The Memorandum of Understanding between the EU and Jordan entered into force on October 2020. On 25 November 2020, the EU disbursed EUR 250 million of macro-financial assistance to Jordan, EUR 150 million of which came from this programme. On 20 July 2021, the EU disbursed the second EUR 250 million of assistance to Jordan, of which EUR 50 million came from the COVID-19 programme, thereby successfully completing the operation.
- 27 OCTOBER 2020
- 25 MAY 2020
- 22 APRIL 2020
- 22 APRIL 2020
MFA III
The third programme of Macro-Financial Assistance, totalling EUR 500 million, was adopted by the co-legislators on 15 January 2020. The programme aims at supporting economic stabilisation, enhancing public debt sustainability and accelerating the implementation of economic reforms in the country. The Memorandum of Understanding between the EU and Jordan is being negotiated. The Memorandum of Understanding between the EU and Jordan entered into force on October 2020. On 25 November 2020, the EU disbursed EUR 250 million of macro-financial assistance to Jordan, EUR 100 million of which came from this programme. On 20 July 2021, the EU disbursed the second EUR 250 million of assistance to Jordan, of which EUR 200 million came from the MFA-III programme. On 03 May 2023, the third and final instalment of EUR 200 million in Macro-Financial Assistance was disbursed to Jordan, thereby successfully concluding the operation.
MFA II
The second programme of Macro-Financial Assistance, totalling EUR 200 million, was adopted by the co-legislators on 14 December 2016. The Memorandum of Understanding was signed on 19 September 2017, while the funds were fully disbursed in July 2019.
MFA I
The first programme of Macro-Financial Assistance, totalling EUR 180 million, was adopted by the co-legislators on 11 December 2013. The Memorandum of Understanding was signed in March 2014, while the funds were fully disbursed in 2015.
Press releases
- 5 August 2025: Commission proposes further €500 million in Macro-Financial Assistance to Jordan building on our long-standing strong relationship
- 3 May 2023: Commission pays €200 million in financial support to Jordan
- 20 July 2021: EU disburses €250 million in Macro-Financial Assistance to Jordan
- 25 November 2020: EU disburses €250 million in macro-financial assistance to Jordan.
- 11 August 2020: Coronavirus: Eight macro-financial assistance programmes agreed to support enlargement and neighbourhood partners
- 9 September 2019: Commission proposes a third MFA of EUR 500 million for Jordan
- 24 June 2019: EU approves disbursement of €100 million in Macro-Financial Assistance to Jordan
- 17 October 2017: EU approves €100 million in financial assistance for Jordan
- 19 September 2017: European Union signs €200 million assistance programme with Jordan
- 29 June 2016: Commission proposes further €200 million in Macro-Financial Assistance to Jordan
- 7 August 2015: EU approves the disbursement of €80 million in Macro-Financial Assistance to Jordan
- 10 February 2015: EU disburses EUR 100 million in Macro-Financial Assistance to Jordan