EU Pledges 3 Billion Euros for Jordan in New ‘Strategic’ Partnership
EU Pledges 3 Billion Euros for Jordan in New ‘Strategic’ Partnership
The European Union committed on Wednesday to providing 3 billion euros ($3.1 billion) in financing and investments for Jordan as part of a new “strategic” partnership with the key Middle Eastern ally.
“With the current geopolitical shifts and growing crises in the region, strengthening the EU-Jordan partnership is the right decision at the right time,” European Commission head Ursula von der Leyen said.
Jordan’s King Abdullah II was present in Brussels to oversee the signing of the agreement, which will be in effect from 2025 to 2027. His country, which accommodates millions of refugees from neighboring nations, is viewed by Europe as a crucial bastion of stability amid ongoing regional conflict.
This role has gained even more significance in light of the war in Gaza and Syria’s uncertain transition following the ousting of Bashar al-Assad.
“Jordan is playing a critical role to consolidate the ceasefire in Gaza and the EU acknowledges the importance of Jordan as a regional hub for humanitarian assistance,” von der Leyen said.
Brussels announced that the aid package for Jordan will consist of 640 million euros in grants, 1 billion euros in Macro-Financial Assistance, and 1.4 billion euros in investments.
“The EU is demonstrating its commitment to supporting Jordan as it navigates current geopolitical challenges while pursuing reforms that foster growth and societal progress,” von der Leyen added.
The EU is eager to secure stability in the Middle East and Mediterranean regions, hoping to avert significant migrant flows to Europe.
Jordan’s economy has been adversely affected by conflicts across the Middle East, with the International Monetary Fund noting that these crises have hindered economic growth.
Amman has also been unsettled by former US President Donald Trump’s suggestion of relocating Gazans to Egypt or Jordan.
Jordan firmly rejected this proposal, while other regional and European powers have dismissed any plans to transfer Gazans out of their territory.
