Jordan secures €180m EU soft loan

Jordan, on Tuesday, signed with the European Union a ?180 million Macro-Financial Assistance (MFA) package together with a Memorandum of Understanding and Loan Facility Agreement.The package aims to enable the kingdom to overcome the impact of economic crises, address financial hardship, press ahead with socio-political reforms and overcome the consequences of regional turmoil, namely the Syrian crisis , reported the Jordanian news agency Petra.The deal was signed by Vice-President of the European Commission responsible for Economic and Monetary Affairs and the Euro, Olli Rehn and Minister of Finance, Umayya Toukan, and by Governor of the Central Bank of Jordan, Ziad Fariz.