TITLE VII - FINANCIAL COOPERATION

ARTICLE 86


In order to achieve the objectives of this Agreement, a financial cooperation package shall be made available to Jordan in accordance with the appropriate procedures and the financial resources required.

These procedures shall be agreed by both Parties using the most appropriate instruments after the Agreement has entered into force.

In addition to the areas covered by Titles V and VI of the Agreement, financial cooperation shall focus on:
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promoting reforms designed to modernize the economy;
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upgrading economic infrastructure;
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promoting private investment and job creating activities;
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responding to the economic repercussions for Jordan of the gradual introduction of a free trade area, notably by upgrading and restructuring industry;
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accompanying the policies implemented in the social sector.

ARTICLE 87


In the framework of the existing Community financial instruments aimed at supporting the structural adjustment programmes in the Mediterranean countries, and in close cooperation with the Jordanian authorities and other donors, particularly with other international financial institutions, the Community will examine suitable ways of supporting structural policies carried out by Jordan to restore financial equilibrium in the main financial aggregates and encourage the creation of an economic environment conducive to increased growth, while at the same time improving the social well being of the population.

ARTICLE 88


In order to ensure that a coordinated approach is adopted to any exceptional macro economic and financial problems that might arise as a result of the implementation of this Agreement, the Parties shall use the regular economic dialogue provided for in Title V to give particular attention to monitoring trade and financial trends in relations between the Community and Jordan.