EBRD and Jordan team up to improve investment climate
May 14, 2018
The European Bank for Reconstruction and Development (EBRD) is partnering with the authorities of Jordan to improve the country’s investment climate, strengthen economic governance and support the development of the private sector.
Under a Memorandum of Understanding (MoU) the two parties are pledging to work together to support the country’s efforts to enhance the business environment through a number of targeted interventions. The document was signed today by Jordan’s Minister of Planning and International Cooperation, Imad Najib Fakhoury, and EBRD President Suma Chakrabarti, at the Bank’s Annual Meeting and Business Forum in Jordan.
Helping governments of the countries where the EBRD invests to increase transparency, good governance and healthy competition is at the core of the Bank’s Investment Climate and Governance Initiative, which was launched in 2014.The EBRD started operating in Jordan in 2012 and, to date, has committed over US$ 1 billion to 40 projects there.