AMMAN: The European Bank for Reconstruction and Development (EBRD) plans to increase its investments in Jordan by channelling hundreds of millions of euros in the coming years, the bank’s chief said.
EBRD President Sir Suma Chakrabarti said a request will be presented to the board of directors of the bank to approve around one billion euros in new investments for the southern and eastern Mediterranean region, which includes Jordan, Egypt, Morocco and Tunisia, adding a fair share of these investments will be directed to strategic sectors in the Kingdom.
Chakrabarti made the remarks during an interview with The Jordan Times on Friday on the sidelines of the World Economic Forum on the Middle East and North Africa, which concluded Saturday. EBRD began investing in Jordan in September 2012 and their investments, up to date, are valued at 337 million euros, he added.
The EBRD chief praised the long-term vision Jordan has recently launched to improve the performance of the economy, adding it sends positive messages to investors that the Kingdom has consistent policies.
