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EU pledges 20 mn euros to ease Jordan's economic woes

AFP  |  Amman 

announced today 20 million euros (USD 23.5 million) in aid for following a wave of anti-protests that led to the prime minister's resignation.

The EU will support "with all possible means at our disposal including economic and financial means," Mogherini said during a visit to "This is a country that has a vital role to play in the region," she told a conference.

"You will have always the EU at your side fully supporting your reform work." The funds would "address in particular the needs of Jordanians that are particularly vulnerable," Mogherini said.

Cash-strapped Jordan, a close US ally that relies heavily on donors, is struggling to rein in its debt after securing a USD 723-million loan from the in 2016.

measures have seen prices of basic necessities rise across the kingdom, culminating in angry protests over tax proposals -- later withdrawn -- that forced to resign on June 4.

blames its economic woes on instability rocking the region and the burden of hosting hundreds of thousands of refugees fleeing war in neighbouring

The says Jordan has "weak growth prospects" this year, while 18.5 per cent of the working age population is unemployed.

Later today Jordan was due to hold talks in with one of its major donors, Saudi Arabia, as well as the and on ways to help overcome its economic problems.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sun, June 10 2018. 20:50 IST
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