On [insert date], the European Parliament voted in favor of two significant financial aid proposals for Egypt and Jordan, approving loans of €500 million for Jordan and €4 billion for Egypt.

The decision reflects the European Union's commitment to supporting these countries as they navigate economic challenges.

The approval for Egypt garnered substantial backing, with 452 votes in favor, 182 against, and 40 members abstaining.

In contrast, the proposal for Jordan received overwhelming support, with 571 votes in favor, 59 against, and 46 abstentions.

The European Commission has put forward a comprehensive financial assistance plan for Egypt, amounting to a total of up to €5 billion.

This includes a short-term loan of €1 billion, which is set to be disbursed by the end of 2024, as well as a subsequent tranche of €4 billion to be provided in three installments.

The Parliament endorsed this proposal as part of broader efforts to assist Egypt in addressing its economic difficulties.

For Jordan, the approved loan aims to cover financing needs and bolster ongoing structural reforms and fiscal stability efforts.

This assistance is seen as vital for Jordan's economic recovery amid existing pressures from regional instability and the influx of refugees from neighboring countries.

The financial support will also play a crucial role in facilitating long-term reforms within the country’s governance structures and public services.

The European Union has consistently underscored the importance of stability in the Mediterranean region and views these financial aid packages as essential to supporting Egypt and Jordan's pathways toward economic revitalization and governance reform.