EBRD and EU step up support for start-ups in Jordan and wider region
May 11, 2018
The European Bank for Reconstruction and Development (EBRD) is accelerating its support for start-ups in Jordan. At its Annual Meeting and Business Forum in Jordan yesterday May 10th 2018, the Bank signed a Memorandum of Understanding (MoU) with seed investment and accelerator company Oasis500. The agreement foresees EBRD advisory support to Oasis500 and its beneficiary companies on how to develop and successfully grow their businesses.
The signing ceremony took place in the presence of H.E Karim Kawar, Board Member at Oasis500; H.E. Andrea Fontana, EU Ambassador to Jordan; Janet Heckman, EBRD Managing Director for the Southern and Eastern Mediterranean Region and Heike Harmgart, EBRD Director for the Eastern Mediterranean Region and Head of Jordan..
The EBRD works in Jordan to support sustainable energy, direct and indirect financing of private enterprises and promoting infrastructure reform. The Bank has invested around €1 billion in the country, since it started operations there in 2012.