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

AP News
Posted: Feb 10, 2015 8:55 AM

BRUSSELS (AP) — 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.

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The EU has already provided Jordan with 300 million euros worth of other assistance to help it deal with humanitarian and security challenges linked to the Syrian crisis.