EBRD invests more than €500 million in Jordan within 4 years
Ammon News - The European Bank for Reconstruction and Development (EBRD) has invested more than €500 million in Jordan between 2020 and 2024, according to the draft of its new country strategy for Jordan for the period 2025-2030.
According to the draft, the bank indicated that these investments were included in 49 operations implemented in Jordan, which is one of the first countries of operations in which the bank operates in the South and East Mediterranean region, explaining that these investments contributed to strengthening the sustainable market economy in Jordan, which is considered a leading country in the use of renewable energy and maintaining regional stability.
Thanks to these investments, Jordan has been able to achieve remarkable progress in addressing economic and social challenges, including major external shocks such as the influx of Syrian refugees, the COVID-19 pandemic, and the energy crisis, accorfing to the bank.
Despite these achievements, the bank said that Jordan still faces major challenges, such as high unemployment rates, low productivity, regional instability, and gaps in economic inclusion, especially among women and youth in recent times.
The government has launched several initiatives to address these challenges, including the Economic Modernization Vision Priorities Plan in 2022, the Public Sector Modernization Roadmap in 2023, while the Central Bank of Jordan launched the Green Inclusion Strategy in 2023, which aims to enhance the green economy and increase investments in this field.
The bank pointed out its success in pumping investments into the Kingdom since the start of its operations in 2012, which exceeded 2.3 billion euros through more than 70 projects. The size of the bank's current investment portfolio in Jordan is estimated at 1.047 billion euros, of which approximately 768 million euros are operating assets, with the private sector's share accounting for approximately 60%.
The bank explained that one of the most important lessons learned from this period is the importance of enhancing technical cooperation and capacity building, with a focus on early participation in procurement to deliver projects on time. The experience also demonstrated the importance of partnership between the public and private sectors, especially in major projects such as the Aqaba-Amman water desalination and transfer project.
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