The European Bank for Reconstruction and Development (EBRD) and the Jordan Securities Commission (JSC) are intensifying their capital market development efforts in Jordan and implementing the 2017 government-approved capital market strategy with a view to boosting economic growth.
The two institutions signed a memorandum of understanding (MoU) committing to capitalise on their mutual comparative advantages to further support capital market advancement. The EBRD is providing technical assistance to bolster the resilience of Jordan’s capital market, supported by €1.05 million of funding from the government of Japan through the Japan-EBRD Cooperation Fund (JECF).
Signing on behalf of the EBRD, Regional Head of the Eastern Mediterranean region Philip ter Woort said: “We are pleased to consolidate our partnership with the JSC through this memorandum of understanding to work towards further developing Jordan’s capital market. Our joint efforts are aimed at diversifying the supply of capital to the Jordanian private sector within a robust and transparent regulatory framework, which will contribute to Jordan’s sustainable post-pandemic economic recovery.”
Since it started investing in Jordan in 2012, the EBRD has provided more than €1.5 billion in financing for 59 projects in the country.
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