EU provides 100 million euros in loans to crisis-hit Jordan

The European Union is providing 100 million euros ($113 million) in loans to Jordan to help it deal with the fallout from crises like the conflicts in neighboring Syria and Iraq. The EU’s top economics and financial affairs official Pierre Moscovici, said Tuesday that the loans will support “economic reforms and create the conditions for sustainable growth and employment.” The money is part of a broader 180-million-euro program for Jordan that would also strengthen its currency and budget following gas supply problems from Egypt and the impact of Syria’s refugee crisis.

via ynetnews.com

Source: http://www.ynetnews.com/articles/0,7340,L-4625092,00.html

Leave a Reply

Your email address will not be published. Required fields are marked *