2024/0086(COD) Macro-financial assistance to Jordan
Lead committee dossier:
Progress: Awaiting committee decision
| Role | Committee | Rapporteur | Shadows |
|---|---|---|---|
| Lead | INTA |
IMART Céline ( EPP)
|
MAVRIDES Costas ( S&D),
MARIANI Thierry ( PfE),
POLATO Daniele ( ECR),
CASSART Benoit ( Renew),
MARZÀ IBÁÑEZ Vicent ( Greens/EFA),
DELLA VALLE Danilo ( The Left)
|
| Former Responsible Committee | INTA | ||
| Committee Opinion | AFET |
AZMANI Malik ( Renew)
|
|
| Former Committee Opinion | AFET | ||
| Former Committee Opinion | BUDG | ||
| Committee for budgetary assessment | BUDG |
VAN OVERTVELDT Johan ( ECR)
|
Lead committee dossier:
Legal Basis:
TFEU 294-p7-ac, TFEU 212
Legal Basis:
TFEU 294-p7-ac, TFEU 212Subjects
Events
2024/12/19
European Parliament - Committee draft report
Documents
2024/12/12
European Parliament - Amendments tabled in committee
Documents
2024/12/05
EP - VAN OVERTVELDT Johan (ECR) appointed as rapporteur in BUDG
2024/11/13
EP - Committee referral announced in Parliament, 1st reading
2024/10/14
EP - AZMANI Malik (Renew) appointed as rapporteur in AFET
2024/09/30
EP - IMART Céline (EPP) appointed as rapporteur in INTA
2024/04/25
EP - Committee referral announced in Parliament, 1st reading
2024/04/08
European Commission - Legislative proposal
Details
PURPOSE: to provide a further EUR 500 million in macro-financial assistance to Jordan.
PROPOSED ACT: Decision of the European Parliament and of the Council.
ROLE OF THE EUROPEAN PARLIAMENT: the European Parliament decides in accordance with the ordinary legislative procedure and on an equal footing with the Council.
BACKGROUND: the Jordanian economy has suffered significantly from protracted conflicts in the region, notably in neighbouring Syria, and most recently in Israel/Gaza and the Red Sea. Since the start of the war in Syria, the Jordanian economy has been impacted by a large inflow of Syrian refugees, which has increased pressure on its fiscal position, public services and infrastructure. In addition to regional instability, the macroeconomic and fiscal challenges related to the COVID-19 pandemic in 2020/2021, commodity price developments following Russia’s invasion of Ukraine in 2022, high exposure to trade fluctuations and the increase of borrowing costs for emerging markets globally continued to weigh on the Jordanian economy. As a result, Jordan experienced an economic contraction in 2020, followed by a slow economic recovery, as unemployment increased significantly in 2020 and remained high, and new fiscal and external financing needs emerged.
The war in Israel-Gaza that started in October 2023 implies very substantial downside risk to the economic outlook, in particular due to the increased level of uncertainty in the region and the possible impact on the important tourism sector and consumer sentiment.
In light of the multiple external shocks and its importance to ensure stability in the region, Jordan received substantial support in various forms from its international partners in the past decade. This includes three MFA programmes since 2014 for a total of EUR 1 080 million. The third and latest MFA operation (MFA-III, 2020-2023) with an initial amount of EUR 500 million was adopted in January 2020 and subsequently (May 2020) topped up by EUR 200 million in response to the socio-economic fallout of the COVID-19 pandemic in 2020. MFA-III was successfully concluded in May 2023.
CONTENT: after an in-depth assessment of the political and economic situation in Jordan, the Commission is submitting its fourth MFA which seeks to make MFA available to Jordan for a total maximum amount of EUR 500 million available to Jordan, provided in the form of loans, which will contribute to covering Jordan’s residual financing needs in the operation’s availability period.
The assistance is planned to be disbursed in three instalments, provided that the policy measures attached to each instalment have been fully implemented in a timely manner. This assistance will be managed by the Commission.
The disbursement is planned to take place in three instalments, with the release of instalments strictly linked to progress with the implementation of both the IMF programme and a number of additional policy measures to be agreed between the Commission and the authorities and listed in a Memorandum of Understanding (MoU). The MoU could, in principle, include policy reforms addressing economic governance, including Public Finance Management and tax administration; social and labour market policy; and governance and fight against fraud, corruption and money-laundering.
Budgetary implications
The proposed MFA operation of up to EUR 500 million in loans for Jordan is planned to be disbursed in three instalments to be released in between 2024 and 2027. The loan will be provided under the External Action Guarantee with a provisioning at a rate of 9%, which will be programmed under the NDICI-GE, for a total amount of EUR 45 million (budget line 14 02 01 70 ‘NDICI – Provisioning of the Common Provisioning Fund’). The loans should be granted in the form of amortising loans with a grace period and subsequent capital repayments in equal tranches over a longer period. Such loan structure will be beneficial for both the beneficiary, in that it facilitates repayments, and the budget, by spreading contingent liabilities over a long time-frame.
Legislative proposal
Documents
2024/04/08
European Commission - Document attached to the procedure
Documents
2024/04/08
EC - Legislative proposal published
Details
PURPOSE: to provide a further EUR 500 million in macro-financial assistance to Jordan.
PROPOSED ACT: Decision of the European Parliament and of the Council.
ROLE OF THE EUROPEAN PARLIAMENT: the European Parliament decides in accordance with the ordinary legislative procedure and on an equal footing with the Council.
BACKGROUND: the Jordanian economy has suffered significantly from protracted conflicts in the region, notably in neighbouring Syria, and most recently in Israel/Gaza and the Red Sea. Since the start of the war in Syria, the Jordanian economy has been impacted by a large inflow of Syrian refugees, which has increased pressure on its fiscal position, public services and infrastructure. In addition to regional instability, the macroeconomic and fiscal challenges related to the COVID-19 pandemic in 2020/2021, commodity price developments following Russia’s invasion of Ukraine in 2022, high exposure to trade fluctuations and the increase of borrowing costs for emerging markets globally continued to weigh on the Jordanian economy. As a result, Jordan experienced an economic contraction in 2020, followed by a slow economic recovery, as unemployment increased significantly in 2020 and remained high, and new fiscal and external financing needs emerged.
The war in Israel-Gaza that started in October 2023 implies very substantial downside risk to the economic outlook, in particular due to the increased level of uncertainty in the region and the possible impact on the important tourism sector and consumer sentiment.
In light of the multiple external shocks and its importance to ensure stability in the region, Jordan received substantial support in various forms from its international partners in the past decade. This includes three MFA programmes since 2014 for a total of EUR 1 080 million. The third and latest MFA operation (MFA-III, 2020-2023) with an initial amount of EUR 500 million was adopted in January 2020 and subsequently (May 2020) topped up by EUR 200 million in response to the socio-economic fallout of the COVID-19 pandemic in 2020. MFA-III was successfully concluded in May 2023.
CONTENT: after an in-depth assessment of the political and economic situation in Jordan, the Commission is submitting its fourth MFA which seeks to make MFA available to Jordan for a total maximum amount of EUR 500 million available to Jordan, provided in the form of loans, which will contribute to covering Jordan’s residual financing needs in the operation’s availability period.
The assistance is planned to be disbursed in three instalments, provided that the policy measures attached to each instalment have been fully implemented in a timely manner. This assistance will be managed by the Commission.
The disbursement is planned to take place in three instalments, with the release of instalments strictly linked to progress with the implementation of both the IMF programme and a number of additional policy measures to be agreed between the Commission and the authorities and listed in a Memorandum of Understanding (MoU). The MoU could, in principle, include policy reforms addressing economic governance, including Public Finance Management and tax administration; social and labour market policy; and governance and fight against fraud, corruption and money-laundering.
Budgetary implications
The proposed MFA operation of up to EUR 500 million in loans for Jordan is planned to be disbursed in three instalments to be released in between 2024 and 2027. The loan will be provided under the External Action Guarantee with a provisioning at a rate of 9%, which will be programmed under the NDICI-GE, for a total amount of EUR 45 million (budget line 14 02 01 70 ‘NDICI – Provisioning of the Common Provisioning Fund’). The loans should be granted in the form of amortising loans with a grace period and subsequent capital repayments in equal tranches over a longer period. Such loan structure will be beneficial for both the beneficiary, in that it facilitates repayments, and the budget, by spreading contingent liabilities over a long time-frame.
Legislative proposal
Documents
Documents
- Committee draft report: PE766.964
- Amendments tabled in committee: PE766.850
- Legislative proposal: COM(2024)0159
- Legislative proposal: Go to the pageEur-Lex
- Document attached to the procedure: Go to the pageEur-Lex
- Document attached to the procedure: SWD(2024)0089
- Legislative proposal published: COM(2024)0159
- Legislative proposal published: Go to the page Eur-Lex
- Amendments tabled in committee: PE766.850
- Committee draft report: PE766.964
- Legislative proposal: COM(2024)0159 Go to the pageEur-Lex
- Document attached to the procedure: Go to the pageEur-Lex SWD(2024)0089
| Amendments | Dossier |
| 62 |
2024/0086(COD)
2024/12/13
AFET
62 amendments...
Amendment 1 #
Proposal for a decision Citation 2 a (new) having regard to the annual report of the European Court of Auditors on the implementation of the EU budget for the 2023 financial year of 9 October 2024;
Amendment 10 #
Proposal for a decision Recital 3 a (new) (3 a) Jordan hosts around 1.3 million refugees, making it one of the countries with the highest number of refugee populations per capita. Some 2.3 million Palestinian refugees are registered with UNRWA, of whom some 370,000 reside in UNRWA-administered camps. Jordan has shown extraordinary hospitality in integrating many refugees into the national health and education systems, despite pressure on resources and limited international funding. Continued support from the European Union is crucial to avoid deepening the humanitarian crisis.
Amendment 11 #
Proposal for a decision Recital 4 (4) The war in Israel-Gaza that started in October 2023 implies very substantial downside risk to the economic outlook, in particular due to the increased level of uncertainty in the region and the possible impact on the important tourism sector and consumer sentiment. The Union recognises Jordan’s pivotal role in promoting regional stability and mediating conflicts, particularly amidst heightened tensions. The proposed MFA aims to support Jordan in maintaining its positive role in the Region. The ongoing Houthi attacks on cargo and energy vessels in the Red Sea hinder vessel traffic to Asia, impacting Jordan’s exports, in particular the mineral and chemicals exports, and imports.In January 2024, the Jordanian authorities and the IMF agreed on a new economic adjustment programme supported by a four-year Extended Fund Facility (EFF) in the amount of USD 1.2 billion, which followed a USD 1.7 billion four-year EFF, including a loan under the Rapid Financing Instrument, from 2020- 2023.
Amendment 12 #
Proposal for a decision Recital 4 (4) The war
Amendment 13 #
Proposal for a decision Recital 4 (4) The
Amendment 14 #
Proposal for a decision Recital 4 a (new) (4 a) The IMF's priorities in general are fiscal stability and labour market flexibility, often at the expense of the country's social development. In this instance, the IMF's programme for Jordan is aimed in particular at building resilience in the financial sector, developing the private sector and reducing the ratio of public debt to GDP (mirroring the objectives from its earlier programme).
Amendment 15 #
Proposal for a decision Recital 4 a (new) (4 a) Moreover, significant structural issues hinder economic growth, particularly in the area of private sector development. Challenges such as unfavourable business environment and inflexibility in the labour market remain unresolved.
Amendment 16 #
Proposal for a decision Recital 4 b (new) (4 b) The United States recently adopted a 845 million USD grant to Jordan. Grants are usually favored over loans for countries with urgent humanitarian needs, as they do not increase the recipient's debt burden. And finally, loans are generally not suitable for low-income or fragile states with limited repayment capacity. Considering the dire situation on the ground and the geopolitical context, the Union could have envisaged a balanced approach, combining loans and grants, to provide more effective support.
Amendment 17 #
Proposal for a decision Recital 12 (12) Given that Jordan is a country covered by the ENP, it
Amendment 18 #
Proposal for a decision Recital 13 (13) The Union’s macro-financial assistance
Amendment 19 #
Proposal for a decision Recital 15 (15) The Union’s macro-financial assistance should aim to support the restoration of a sustainable external financing situation for Jordan thereby supporting its economic and social development. In this context, and in recognition of Jordan's crticial role in the Middle-East, it is imperative for the Commission and the European External Action Service (EEAS) to further deepen and strenghtenen the EU-Jordan partnership, thereby advancing cooperation.
Amendment 2 #
Proposal for a decision Recital 1 a (new) (1 a) Jordan is a key player in the region and one of the European Union's strongest partners, serving as a pillar of stability.
Amendment 20 #
Proposal for a decision Recital 15 (15) The Union’s macro-financial assistance should aim to support the restoration of a sustainable external financing situation for Jordan
Amendment 21 #
Proposal for a decision Recital 15 (15) The Union’s macro-financial assistance should aim to support the restoration of a sustainable external financing situation for Jordan
Amendment 22 #
Proposal for a decision Recital 17 (17) The determination of the amount of the Union’s macro-financial assistance is based on a complete quantitative assessment of Jordan’s residual external financing needs, and takes into account its capacity to finance itself with its own resources, in particular the international reserves at its disposal. The Union’s macro-financial assistance should complement the programmes and resources provided by the IMF and the World Bank. The determination of the amount of the assistance also takes into account expected financial contributions from bilateral and multilateral donors and the need to ensure fair burden sharing between the Union and other donors, and actively prevents inefficiencies and duplication in aid efforts, including by better sharing of information and aligning strategies with other donors, as recommended by the European Court of Auditors, as well as the pre-existing deployment of the Union’s other external financing instruments in Jordan and the added value of the overall Union involvement.
Amendment 23 #
Proposal for a decision Recital 18 (18)
Amendment 24 #
Proposal for a decision Recital 19 (19) The Union’s macro-financial assistance should support the Union’s external policy towards Jordan. Commission services and the European External Action Service (EEAS) should work closely together throughout the macro-financial assistance operation in order to coordinate, and to ensure the consistency of, Union external policy. Jordan is a key partner of the EU and its Member States, given the stability of its regime and its commitment to peace in the Middle East.
Amendment 25 #
Proposal for a decision Recital 19 (19) The Union’s macro-financial assistance should support the Union’s external policy towards Jordan and the region. Commission services and the European External Action Service (EEAS) should work closely together throughout the macro-financial assistance operation in order to coordinate, and to ensure the consistency of, Union external policy.
Amendment 26 #
Proposal for a decision Recital 20 (20) The Union’s macro-financial assistance should support Jordan’s commitment to values shared with the Union, including democracy, the rule of law, good governance, respect for human rights, sustainable development and poverty reduction, as well as its commitment to the principles of rule-based and fair trade. However, recent developmen
Amendment 27 #
Proposal for a decision Recital 20 (20) The Union’s macro-financial assistance should support Jordan’s commitment to values shared with the Union, including democracy, the rule of law, good governance, respect for human rights, combatting Antisemitism and extremism, sustainable development and poverty reduction, as well as its commitment to the principles of open, rule- based and fair trade
Amendment 28 #
Proposal for a decision Recital 20 (20) The Union’s macro-financial assistance should support Jordan’s commitment to values shared with the Union, including democracy, the rule of law, good governance, respect for human rights, the fight against radical Islamism, regional stability, sustainable development and poverty reduction, as well as its commitment to the principles of open, rule- based and fair trade.
Amendment 29 #
Proposal for a decision Recital 20 a (new) (20 a) As enshrined under Article 21 TEU, the Union’s action should be guided by the principles that have inspired its own creation, development and enlargement and that it seeks to advance in the wider world: democracy, the rule of law, the universality and indivisibility of human rights and fundamental freedoms, respect for human dignity, the principles of equality and solidarity, and respect for the principles of the United Nations Charter and international law.
Amendment 3 #
Proposal for a decision Recital 2 (2) Since 20
Amendment 30 #
Proposal for a decision Recital 21 (21) A pre-condition for granting the Union’s macro-financial assistance should be that Jordan plays a constructive regional role, respects effective democratic mechanisms – including a multi-party parliamentary system – and the rule of law, and guarantees respect for human rights. In addition, the specific objectives of the Union’s macro-financial assistance should strengthen the efficiency, transparency, financial solvency and accountability of the public finance management systems in Jordan and promote structural reforms aimed at supporting sustainable and inclusive growth, employment creation, sound budgetary policies based on prudence and double-entry accounting and fiscal consolidation. Both the fulfilment of the pre-conditions and the achievement of those objectives should be regularly monitored by the Commission and the EEAS, and, in case of contravention, reclaimed; highlights the criticism of the European Court of Auditors that there is limited follow-up on the results and long-term sustainability of the projects funded, which makes it difficult to assess whether the objectives of MFA are truly met.
Amendment 31 #
Proposal for a decision Recital 21 (21) A pre-condition for granting the Union’s macro-financial assistance should be that Jordan respects effective democratic mechanisms – including a multi-party parliamentary system – and the rule of law, and guarantees respect for human rights. In addition, the specific objectives of the Union’s macro-financial assistance should strengthen the efficiency, transparency and accountability of the public finance management systems in Jordan and promote structural reforms aimed at supporting sustainable and inclusive growth, employment creation and fiscal consolidation. Both the fulfilment of the pre-conditions and the achievement of those objectives should be regularly monitored by the Commission and the EEAS. The Union shall encourage Jordan’s efforts toward economic diversification, particularly in sectors such as renewable energy, technology, and digital services, to reduce its reliance on tourism and chemical exports and enhance long-term resilience.
Amendment 32 #
Proposal for a decision Recital 21 (21) A pre-condition for granting the Union’s macro-financial assistance should be that Jordan respects effective democratic mechanisms – including a multi-party parliamentary system – and the rule of law, and guarantees respect for human rights. In addition, the specific objectives of the Union’s macro-financial assistance should strengthen the efficiency, transparency and accountability of the public finance management systems in Jordan and promote structural reforms aimed at supporting sustainable and inclusive growth, employment creation and fiscal consolidation. Both the fulfilment of the pre-conditions and the achievement of those objectives should be regularly monitored by the Commission and the EEAS which should subsequently be reported to the European Parliament.
Amendment 33 #
Proposal for a decision Recital 21 (21) A pre-condition for granting the Union’s macro-financial assistance should be that Jordan respects effective democratic mechanisms
Amendment 34 #
Proposal for a decision Recital 21 (21) A pre-condition for granting the Union’s macro-financial assistance should be that Jordan respects effective democratic mechanisms – including a multi-party parliamentary system – and the rule of law, and guarantees respect for human rights and the rights of Christian minorities. In addition, the specific objectives of the Union’s macro-financial assistance should strengthen the efficiency, transparency and accountability of the public finance management systems in Jordan and promote structural reforms aimed at supporting sustainable and inclusive growth, employment creation and fiscal consolidation. Both the fulfilment of the pre-conditions and the achievement of those objectives should be regularly monitored by the Commission and the EEAS.
Amendment 35 #
Proposal for a decision Recital 21 (21) A pre-condition for granting the Union’s macro-financial assistance should be that Jordan upholds and respects effective democratic mechanisms – including a multi-party parliamentary system – and the rule of law, and guarantees respect for human rights. In addition, the specific objectives of the Union’s macro-financial assistance should strengthen the efficiency, transparency and accountability of the public finance management systems in Jordan and promote structural reforms aimed at supporting sustainable and inclusive growth, employment creation and fiscal consolidation. Both the fulfilment of the pre-conditions and the achievement of those objectives should be regularly monitored by the Commission and the EEAS.
Amendment 36 #
Proposal for a decision Recital 27 (27) The Union’s macro-financial assistance should be subject to economic policy, as well as democracy, rule of law and human rights conditions, to be laid down in a Memorandum of Understanding, including clear and measurable benchmarks to assess the implementation of these conditions for each instalment. In order to ensure uniform conditions of implementation and for reasons of efficiency, the Commission should be empowered to negotiate such conditions with the Jordanian authorities under the supervision of the committee of representatives of the Member States in accordance with Regulation (EU) No 182/2011. Under that Regulation, the advisory procedure should, as a general rule, apply in all cases other than as provided for in that Regulation. Considering the potentially important impact of assistance of more than EUR 90 million, it is appropriate that the examination procedure be used for operations above that threshold. Considering the amount of the Union’s macro-financial assistance to Jordan, the examination procedure should apply to the adoption of the Memorandum of Understanding, and to any reduction, suspension or cancellation of the assistance.
Amendment 37 #
Proposal for a decision Recital 27 (27) The Union’s macro-financial assistance should be subject to economic policy conditions, to be laid down in a Memorandum of Understanding. In order to ensure uniform conditions of implementation and for reasons of efficiency, the Commission should be empowered to negotiate such conditions with the Jordanian authorities under the supervision of the committee of representatives of the Member States in accordance with Regulation (EU) No 182/2011. Under that Regulation, the advisory procedure should, as a general rule, apply in all cases other than as provided for in that Regulation. Considering the potentially important impact of assistance of more than EUR 90 million, it is appropriate that the examination procedure be used for operations above that threshold. Considering the amount of the Union’s macro-financial assistance to Jordan, the examination procedure should apply to the adoption of the Memorandum of Understanding, including clear and measurable benchmarks to evaluate the implementation of each installment, and to any reduction, suspension or cancellation of the assistance.
Amendment 38 #
Proposal for a decision Recital 27 (27) The Union’s macro-financial assistance should be subject to clear and measurable economic policy conditions, to be laid down in a Memorandum of Understanding. In order to ensure uniform conditions of implementation and for reasons of efficiency, the Commission should be empowered to negotiate such conditions with the Jordanian authorities under the supervision of the committee of representatives of the Member States in accordance with Regulation (EU) No 182/2011. Under that Regulation, the advisory procedure should, as a general rule, apply in all cases other than as provided for in that Regulation. Considering the potentially important impact of assistance of more than EUR 90 million, it is appropriate that the examination procedure be used for operations above that threshold. Considering the amount of the Union’s macro-financial assistance to Jordan, the examination procedure should apply to the adoption of the Memorandum of Understanding, and to any reduction, suspension or cancellation of the assistance.
Amendment 39 #
Proposal for a decision Recital 27 a (new) (27 a) Recalls that the European Court of Auditors has highlighted that the decision-making process behind the MFA is not always transparent, e.g. the criteria used to decide which countries receive assistance are not always clear, and there may be a lack of public reporting on how funds are allocated or spent; believes that this lack of transparency can raise questions about the political motivations behind MFA allocations;
Amendment 4 #
Proposal for a decision Recital 2 (2) Since 2011, Jordan has embarked on a number of political reforms to strengthen parliamentary democracy and the rule of law. A Constitutional Court and an Independent Electoral Commission have been set up and a number of major laws, including the Electoral Act and the Political Parties Act as well as laws on decentralisation and municipalities, have been passed by the Jordanian Parliament. Legislative improvements as regards the independence of the judiciary and women’s rights have been adopted. However, not all reforms have benefited the broader population; in 2018, mass demonstrations against an IMF-backed tax reform, which introduced income tax increases and austerity measures criticised for disproportionately burdening the poor and middle class, led to the resignation of Prime Minister Hani Al-Mulqi.
Amendment 40 #
Proposal for a decision Article 1 – paragraph 1 1. The Union shall
Amendment 41 #
Proposal for a decision Article premier – paragraph 1 1. The Union shall make macro- financial assistance of a maximum amount of EUR 500 million available to Jordan (“the Union’s macro-financial assistance”), with a view to supporting Jordan’s economic stabilisation and a substantive reform agenda, including the fight against terrorism and Islamist movements. The assistance shall contribute to covering Jordan’s balance of payments needs as identified in the IMF programme.
Amendment 42 #
Proposal for a decision Article 1 – paragraph 1 1. The Union shall make macro- financial assistance of a maximum amount of EUR 500 million available to Jordan (“the Union’s macro-financial assistance”), with a view to supporting Jordan’s economic stabilisation and a substantive reform agenda to improve living and employment conditions . The assistance shall contribute to covering Jordan’s balance of payments needs
Amendment 43 #
Proposal for a decision Article 1 – paragraph 4 4. The release of the Union’s macro- financial assistance shall be managed by the Commission in a manner consistent with the
Amendment 44 #
Proposal for a decision Article 2 – paragraph 1 1. A pre-condition for granting the Union’s macro-financial assistance shall be that Jordan respects effective democratic mechanisms – including a multi-party parliamentary system – and the rule of law, and guarantees respect for human rights, including combatting Antisemitism and extremism, as well as respects the Union's interests in the region.
Amendment 45 #
Proposal for a decision Article 2 – paragraph 1 1. A pre-condition for granting the Union’s macro-financial assistance shall be that Jordan respects effective democratic mechanisms
Amendment 46 #
Proposal for a decision Article 2 – paragraph 1 1. A pre-condition for granting the Union’s macro-financial assistance shall be that Jordan upholds and respects effective democratic mechanisms – including a multi-party parliamentary system – and the rule of law, and guarantees respect for human rights.
Amendment 47 #
Proposal for a decision Article 2 – paragraph 2 2. The Commission and the European External Action Service shall monitor the fulfilment of this pre-condition throughout the life cycle of the Union’s macro- financial assistance in a transparent process in which civil society organisations and international organisations such as the UN are able to contribute meaningfully. The Commission and the EEAS shall also report, both regularly and in writing, to the European Parliament and the Council on the fulfilment of the pre-condition referred to in the previous paragraph.
Amendment 48 #
Proposal for a decision Article 2 – paragraph 2 2. The Commission and the European External Action Service shall monitor the fulfilment of this pre-condition throughout the life cycle of the Union’s macro- financial assistance. The European Parliament shall be consulted for guidance concerning human rights implementation.
Amendment 49 #
Proposal for a decision Article 2 – paragraph 2 2. The Commission and the European External Action Service shall monitor the fulfilment of this pre-condition throughout the life cycle of the Union’s macro- financial assistance and report regularly to the European Parliament on the conditions as outlined in Article 2(1).
Amendment 5 #
Proposal for a decision Recital 2 (2) Since 2011, Jordan has embarked on a number of political reforms to strengthen parliamentary democracy and the rule of law. A Constitutional Court and an Independent Electoral Commission have been set up and a number of major laws, including the Electoral Act and the Political Parties Act as well as laws on decentralisation and municipalities, have been passed by the Jordanian Parliament. Legislative improvements as regards the independence of the judiciary and women’s rights have been adopted. In the last parliamentary elections, the Islamic Action Front (IAF), the political arm of the Jordanian Muslim Brotherhood, made significant electoral gains by winning 31 out of 138 seats.
Amendment 50 #
Proposal for a decision Article 3 – paragraph 1 1. The Commission, in accordance with the examination procedure referred to in Article 7(2), shall agree with the Jordanian authorities on clearly defined economic policy and financial conditions, focusing on s
Amendment 51 #
Proposal for a decision Article 3 – paragraph 1 1. The Commission, in accordance with the examination procedure referred to in Article 7(2), shall agree with the Jordanian authorities on clearly defined economic policy and financial conditions, focusing on structural reforms and sound public finances, as well as on democracy, rule of law and human rights conditions, including benchmarks, to which the Union’s macro-financial assistance is to be subject, including the release of each separate instalment, to be laid down in a Memorandum of Understanding (“the Memorandum of Understanding”) which shall include a timeframe for the fulfilment of those conditions. The economic policy and financial conditions set out in the Memorandum of Understanding shall be consistent with the agreements or understandings referred to in Article 1(3), including the macroeconomic adjustment and structural reform programmes implemented by Jordan with the support of the IMF.
Amendment 52 #
Proposal for a decision Article 3 – paragraph 2 2. The conditions referred to in paragraph 1 shall aim, in particular, at enhancing the efficiency, transparency and accountability of the public finance management systems in Jordan, including for the use of the Union’s macro-financial assistance. This shall include the publication of regular and detailed reports by the Jordanian government on the use of funds, specifying allocations for key sectors such as healthcare, education, and infrastructure, ensuring public access to such information. Progress in mutual market opening, the development of rules- based and fair trade, and other priorities in the context of the Union’s external policy shall also be duly taken into account when designing the policy measures. Progress in attaining those objectives shall be regularly monitored by the Commission
Amendment 53 #
Proposal for a decision Article 3 – paragraph 2 2. The conditions referred to in paragraph 1 shall aim, in particular, at enhancing the efficiency, transparency and accountability of the public finance management systems in Jordan, including for the use of the Union’s macro-financial assistance. Progress in mutual market opening, sustainable development, poverty reduction, the green transition, the development of rules-based and fair trade, and other priorities in the context of the Union’s external policy, including those related to democracy, rule of law and human rights, shall also be duly taken into account when designing the policy measures. Progress in attaining those objectives shall be regularly monitored by the Commission and the EEAS.
Amendment 54 #
Proposal for a decision Article 3 – paragraph 2 2. The conditions referred to in paragraph 1 shall aim, in particular, at enhancing the efficiency, transparency and accountability of the public finance management systems in Jordan, including for the use of the Union’s macro-financial assistance. Pr
Amendment 55 #
Proposal for a decision Article 3 – paragraph 2 2. The conditions referred to in paragraph 1 shall aim, in particular, at enhancing the efficiency, transparency and accountability of the public finance management systems in Jordan, including for the use of the Union’s macro-financial assistance. Progress in mutual market opening, the development of rules-based and fair trade, and other priorities in the context of the Union’s external policy shall also be duly taken into account when designing the policy measures. Progress in attaining those objectives shall be regularly monitored by the Commission and communicated to the European Parliament.
Amendment 56 #
Proposal for a decision Article 3 – paragraph 4 a (new) 4 a. The Commission shall ensure the macro-financial assistance (MFA) does not contribute to the further erosion of people’s economic and social rights and respect EU regulation on MFA, in particular that recipients of macro- financial assistance adhere to the respect of human rights and effective democratic mechanisms, including a multi-party parliamentary system and the rule of law.
Amendment 57 #
Proposal for a decision Article 4 – paragraph 3 – subparagraph 1 – point b (b) a continuous satisfactory track record of implementing a policy programme that contains strong adjustment and
Amendment 58 #
Proposal for a decision Article 4 – paragraph 3 – subparagraph 1 – point c (c) the satisfactory implementation of the economic policy and financial conditions, as well as the conditions related to democracy, rule of law and human rights, agreed in the Memorandum of Understanding.
Amendment 59 #
Proposal for a decision Article 4 – paragraph 3 – subparagraph 1 – point c (c) the satisfactory implementation of the economic policy and financial conditions agreed in the Memorandum of Understanding as described above.
Amendment 6 #
Proposal for a decision Recital 2 (2) Since 20
Amendment 60 #
Proposal for a decision Article 4 – paragraph 4 4. Where the conditions referred to in the first subparagraph of paragraph 3 are not met, the Commission shall temporarily suspend or cancel the disbursement of the Union’s macro-financial assistance. In such cases, it shall inform the European Parliament and the Council of the reasons for the suspension or cancellation and of the subsequent steps.
Amendment 61 #
Proposal for a decision Article 8 – paragraph 1 – point b (b) assess the economic situation and prospects of Jordan, as well as progress made in implementing the economic policy and financial conditions, as well as the conditions related to democracy, rule of law and human rights, referred to in Article 3(1);
Amendment 62 #
Proposal for a decision Article 8 – paragraph 1 – point c a (new) (c a) assess Jordan's alignment with the Union's external policies;
Amendment 7 #
Proposal for a decision Recital 3 (3) The Jordanian economy has suffered significantly from protracted conflicts in the region, notably in neighbouring Syria, and most recently in Israel/Gaza and the Red Sea. Since the start of the war in Syria, the Jordanian economy has been impacted by a large inflow of Syrian refugees, which has increased pressure on its fiscal position, public services and infrastructure. In addition to regional instability, the macroeconomic and fiscal challenges related to the COVID-19 pandemic in 2020/2021, commodity price developments following Russia’s invasion of Ukraine in 2022, high exposure to trade fluctuations and the increase of borrowing costs for emerging markets globally continued to weigh on the Jordanian economy. As a result, Jordan experienced an economic contraction in 2020, followed by a slow economic recovery, as unemployment increased significantly in 2020 and remained high, and new fiscal and external financing needs emerged. As regards the supply of raw materials, Jordan will soon have one of the world’s largest seawater desalination plants, a vital project for a country facing water shortages. The project will be carried out by a consortium led by a French company and supported by the European Investment Bank with a loan of EUR 300 million.
Amendment 8 #
Proposal for a decision Recital 3 (3) The Jordanian economy has suffered significantly from protracted conflicts in the region, notably in neighbouring Syria, and most recently in Israel/Gaza and the Red Sea. Since the start of the war in Syria, the Jordanian economy has been impacted by a large inflow of Syrian refugees, which has increased pressure on its fiscal position, public services and infrastructure. The current uncertainty in Syria further exacerbates the already highly detrimental instability for Jordan. In addition to regional instability, the macroeconomic and fiscal challenges related to the COVID-19 pandemic in 2020/2021, commodity price developments following Russia’s invasion of Ukraine in 2022, high exposure to trade fluctuations and the increase of borrowing costs for emerging markets globally continued to weigh on the Jordanian economy. As a result, Jordan experienced an economic contraction in 2020, followed by a slow economic recovery, as unemployment increased significantly in 2020 and remained high, and new fiscal and external financing needs emerged.
Amendment 9 #
Proposal for a decision Recital 3 (3) The Jordanian economy has suffered significantly from protracted conflicts in the region, notably in neighbouring Syria,
source: 766.850
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