AMMAN — The
European Bank for Reconstruction and Development (EBRD) has announced its commitment to invest over $100 million
in new projects for 2024 to bolster
Jordan's economic growth, as per Al-Mamlaka
TV. These funds, allocated across diverse sectors, aim to foster job creation
and combat unemployment in the Kingdom.
اضافة اعلان
The First Vice President of EBRD,
Jürgen Rigterink affirmed the significance of Jordan for the bank, highlighting its
stability amidst regional challenges. Rigterink stated, "Despite what is
happening in the region, Jordan remains an island of stability within its
surroundings, with relatively stable economic growth of at least three percent,
and low inflation compared to similar economies, making it an attractive
country for investment." He also expressed confidence that this growth
trend would continue into 2024.
Rigterink noted that
EBRD has been investing
in Jordan for over a decade, with funding exceeding $2.1 billion across 71
projects. These investments focus on promoting green initiatives,
infrastructure reform,
private sector growth, and enhancing inclusion and job
creation.
Regarding
plans for 2024, Rigterink mentioned that
EBRD is aiming for a substantial increase in investments, highlighting ongoing collaborations with the
private financial sector, including partnerships with three banks and one
microfinance institution. Rigterink also outlined major projects in real
estate, tourism, and Aqaba, including initiatives such as financing for 50
electric buses and a solid waste management project.
He emphasized that EBRD's support extends to
small and medium-sized enterprises (SMEs), providing financing, project
support, and advisory services to over 100 companies and entrepreneurs in
Jordan.
However, Rigterink cautioned about the
negative impact of
Israel’s war on Gaza on regional economies, including
Jordan, which has delayed several private sector investments. He stressed the
importance of a ceasefire to mitigate economic setbacks.
Touching on the
Economic Modernization Vision (EMV), Rigterink underscored its significance and EBRD's commitment to
supporting its implementation. He discussed enhancing investment laws,
increasing public-private sector partnerships, and digital transformation as
key aspects of the vision.
Read more National news
Jordan News
.jpg)
.jpg)
