The European Bank for Reconstruction and Development (EBRD) has recently announced its new Country Strategy for its activities in Jordan over the next five years (2025-2030). The strategy aims to implement 33 activities that focus on three main priorities, spanning seven economic, social, and environmental sectors.
اضافة اعلان
According to the EBRD, the strategy's framework is designed to support financial inclusion for marginalized groups, provide financing for operational expansion and improvement in the private sector, enhance trade and exports, and expand green finance.
Key Priorities of the New Country Strategy
The EBRD's new strategy aligns with Jordan's ongoing reform programs, such as the Economic and Administrative Modernization Vision, but the total funding value for these activities has not been specified yet.
The strategy outlines the following three main priorities for the period 2025-2030:
Support for a more competitive economy and governance
Support for the green transition and sustainable infrastructure investments
Enhancing human capital development and economic opportunities
Priority 1: Supporting a More Competitive Economy
This priority focuses on 10 activities within two sectors:
A more competitive private sector and diverse sources of finance
Increasing exports and investments / improving the business environment
Activities under "A more competitive private sector and diverse sources of finance" include:
Providing financing for expansion and operational improvements in the private sector, particularly in manufacturing, services, agriculture, food industries, tourism, and technology.
Promoting the development of financial markets through technical assistance and capacity building.
Supporting the development of financial products and helping small and medium-sized enterprises (SMEs) adapt to the Paris Climate Agreement.
Financing equity through private equity funds.
Under "Increasing exports and improving the business environment", activities include:
Strengthening trade and export growth through regional integration, including financing links with neighboring countries and improving infrastructure such as Aqaba Port and roads.
Reducing bureaucracy and enhancing investment governance.
Supporting digital transformation in the public and private sectors.
Priority 2: Supporting the Green Transition and Sustainable Infrastructure
This priority includes 13 activities across two sectors:
Reducing carbon emissions and increasing energy capacity
Enhancing water security and management
Under the sector "Reducing carbon emissions and increasing energy capacity", activities include:
Supporting the development of carbon reduction pathways and climate governance.
Financing renewable energy generation projects and energy storage solutions.
Enhancing the energy grid and cross-border energy connections for regional energy integration.
Supporting the development of green hydrogen in both public and private sectors.
In the "Enhancing water security and management" sector, activities include:
Financing water and wastewater infrastructure and improving governance in public facilities.
Supporting projects such as desalination plants and improving municipal services such as waste management and street lighting.
Expanding the green cities program, integrating digital solutions.
Priority 3: Enhancing Human Capital Development and Economic Opportunities
This priority involves 10 activities across three sectors:
Inclusive financial systems
Improving skills acquisition for employment
Enhancing gender-responsive policies and increasing women's participation in the economy
Under the sector "Inclusive financial systems", activities include:
Promoting financial inclusion for women, youth, and marginalized groups through targeted credit lines.
Supporting micro, small, and medium enterprises (MSMEs), with a focus on improving financial literacy and access to financial products.
Expanding financial technology (FinTech) and digital finance initiatives to increase inclusion.
In the "Improving skills acquisition for employment" sector, activities focus on:
Reforming technical education, vocational training, and higher education to meet labor market needs.
Promoting green skills development and supporting green investments.
For "Enhancing gender-responsive policies", activities include:
Developing gender-sensitive products and services, with a focus on workplace equality, anti-harassment laws, and childcare services to support women's participation in the economy.
Through these 33 activities, the EBRD aims to support Jordan's economic growth, sustainability, and human capital development over the next five years.
