EU and Jordan take important step towards delivery of €500 million to support Jordans macro-financial stability and reforms
The European Commission and Jordan have signed a Memorandum of Understanding launching the implementation of €500 million Macro-Financial Assistance (MFA) to Jordan. This programme is part of a broader EU-Jordan Strategic and Comprehensive Partnership adopted earlier this year, reinforcing our shared efforts to support economic stability, growth, long-term resilience and reforms.
The Memorandum of Understanding, signed today by Commissioner Dombrovskis on behalf of the EU, underpins the fourth MFA, approved by the European Parliament and the Council in April 2025. It paves the way to unlocking €500 million, to be disbursed over a period of up to two and a half years, subject to the progress on the agreed reform agenda and policy measures outlined in the Memorandum. This will help Jordan cover part of its external financing needs and support its economic reforms.
The agreed reforms aim to strengthen the Jordanian economy in key areas such as public finance management, governance and anti-corruption, social protection and labour market policies, green transition and business environment.
The disbursement of the first instalment is expected within a month of the signature and is conditional on a positive assessment by the European External Action Service that the political pre-condition is met, and contingent on a positive track record of the ongoing International Monetary Fund (IMF) programme.
A press release is available online.
(For more information: Balazs Ujvari - Tel.: +32 2 295 45 78; Markus Lammert - Tel.: +32 2 296 75 33; Francisca Marcal Santos - Tel.: +32 2 299 72 36; Luca Dilda - Tel.: +32 2 295 21 53)
Commission approves €626 million Danish State aid scheme to support planting forests
The European Commission has approved, under EU State aid rules, a €626 million (DKK 4 672 million) Danish scheme to support afforestation. The measure will contribute to achieving the objectives of the EUs Common Agricultural Policy by strengthening environmental protection and contributing to climate change mitigation and adaptation.
The scheme will cover the costs of planting forest on agricultural land, the costs of forest maintenance and the costs of foregone agricultural income. Additional compensation is also provided in the case of forest becoming ‘untouched forest for the additional restrictions imposed on the land.
Executive Vice-President for Clean, Just and Competitive Transition, Teresa Ribera, said: “This is an important measure that will help landowners convert agricultural land into forests. It will rapidly expand the Danish national forest estate and will deliver lasting benefits for climate change and address several challenges, such as CO2 reductions, biodiversity protection, nitrogen reduction, and drinking water protection.”
A press release is available online.
(For more information: Arianna Podestà – Tel.: +32 2 298 70 24; Luuk de Klein – Tel.: +32 229 94774)
Commission clears creation of joint venture by ALBA, BPCE and CDC
The European Commission has approved, under the EU Merger Regulation, the creation of a joint venture by: (i) Alba NGM Co-Invest S.L.P.S, controlled by Alba Infra Founding Partners SAS (‘ALBA); (ii)Mirova Energy Transition 6 S.L.P., controlled by BPCE SA; and (iii) Caisse des dépôts et consignations (‘CDC), all of France.
The transaction relates primarily to investments in low-carbon mobility and distributed renewable energy systems in France.
The Commission concluded that the notified transaction would not raise competition concerns, given that the joint venture has negligible activities in the European Economic Area and given the companies limited combined market position resulting from the proposed transaction. The notified transaction was examined under the simplified merger review procedure. This summary approval is an example of the Commission reducing the regulatory burden on companies and quickly approving a transaction that will clearly not harm competition in Europe, and which rather aims to support the EUs decarbonisation efforts and the clean energy transition.
More information is available on the Commissions competition website, in the public case register under the case number M.12067.
(For more information: Arianna Podestà – Tel.: +32 2 298 70 24; Sara Simonini - Tel.: +32 2 298 33 67)
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