“We have in total invested 1.5 billion euros since we started operating in Jordan less than 10 years ago and but we hope to really increase our investments over the next years,” Harmgart announced. “We signed $50 million financing with the Housing Bank for Trade and Finance, which is for trade facilitation, thus helping Jordan and importers and exporters to access a large network of issuing and correspondence banks globally. It is also directed to on-lending to small and medium enterprises.”
The EBRD, which was established in 1991 and is headquartered in London, has invested in over 38 projects in the sectors of renewable energy, pharmaceutical industries, water and sewage, solid waste, financial institutions and the development of small and medium-sized enterprises in Jordan.
Jordan became a member of the EBRD in 2011, and the bank opened a permanent office in Amman in 2013, to manage its operations in the kingdom.
The number of EBRD member states is currently 66 countries from 5 continents, and the European Union and the European Investment Bank are major shareholders.
Source: Jordan News Agency
