Commission proposes further €500 million in Macro-Financial Assistance to Jordan building on our long-standing strong relationship
The European Commission has adopted yesterday a proposal for a new Macro-Financial Assistance (MFA) operation to Jordan, worth up to €500 million. This is a milestone for our long-standing relationship with Jordan as it delivers on the commitments outlined in the Strategic and Comprehensive Partnership approved earlier this year. This funding will support the countrys external financing needs, contributing to ongoing fiscal consolidation, and sustaining the implementation of structural reforms. In doing so, the EU seeks to help Jordan advance its reform agenda, fostering employment, economic growth, and investment.
This proposal will complement the fourth MFA programme to Jordan, approved by the European Parliament and the Council in April 2025, amounting to €500 million to be disbursed over 2025-2027. Together, these two operations bring the total MFA support to Jordan to €1 billion. Past MFA programmes to Jordan, amounting to a total of €1.08 billion since 2014, have helped the country in the context of the COVID-19 pandemic and supported overall macroeconomic stability, becoming a key driver of the implementation of transformative reforms in the country.
The assistance will be provided as long-term loans on concessional terms. The new MFA operation foresees three disbursements, each tied to the implementation of agreed policy commitments. The commitments under the new MFA will be outlined in a Memorandum of Understanding between the EU and Jordan. These will be aligned with the reform priorities set out in the Memorandum of Understanding of the ongoing fourth MFA which is expected to be signed soon. Both MFA programmes will be disbursed in parallel. Disbursements will also require positive assessments under Jordans IMF-supported programme, as well as continuous adherence to effective democratic mechanisms, the rule of law, and respect for human rights.
The press release is available online.
(For more information: Maciej Berestecki – Tel.: +32 2 296 64 83; Francisca Marcal Santos - Tel.: +32 2 299 72 36)
Commission clears creation of joint venture by Foxconn and Alphabet
The European Commission has approved, under the EU Merger Regulation, the creation of a joint venture by Hon Chi International Investments Co., ultimately controlled by Hon Hai Precision Industry Co., Ltd. (‘Foxconn), both of Taiwan, and Intrinsic Innovation LLC, ultimately controlled by Alphabet Inc., both of the US.
The transaction relates primarily to the market for the supply of automation products.
The Commission concluded that the notified transaction would not raise competition concerns, given the limited impact on the European Economic Area. The notified transaction was examined under the simplified merger review procedure.
More information is available on the Commissions competition website, in the public case register under the case number M.12060.
(For more information: Lea Zuber – Tel.: +32 2 295 62 98)
Commission clears acquisition of Karo Healthcare by KKR
The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control of Karo Intressenter Holding AB (‘Karo Healthcare) of Sweden by KKR & Co. Inc. (‘KKR) of the US.
The transaction relates primarily to the consumer healthcare industry.
The Commission concluded that the notified transaction would not raise competition concerns, given the companies limited market positions resulting from the proposed transaction. The notified transaction was examined under the simplified merger review procedure.
More information is available on the Commissions competition website, in the public case register under the case number M.11998.
(For more information: Lea Zuber – Tel.: +32 2 295 62 98)
Tentatieve agendas voor komende vergaderingen van de Commissie
Let op dat deze items onderhevig kunnen zijn aan wijzigingen.
Aankomende evenementen van de Europese Commissie
Eurostat persberichten