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TunisiaEBRD delivers strong support for southern and eastern Mediterranean economies in 2017
The EBRD continued to deliver strong support for economies in the southern and eastern Mediterranean (SEMED) region in 2017, with investments in 60 projects worth more than €2.1 billion. Investments were made in the energy and renewable energy sectors, as well as in infrastructure, agribusiness and small and medium-sized enterprises (SMEs).
Total EBRD investment made in the four SEMED countries of Egypt, Jordan, Morocco and Tunisia since 2012, when the Bank started operations in the region, has now reached over €6.5 billion in 169 projects. Seventy-two per cent of this financing has been in the private sector.
2017 was a record year for Tunisia, and for Egypt, which is now the second-largest EBRD country of operations by investment volume, with total projects to date worth over €3.4 billion.
The region also benefits from strong donor support, including from the European Union, the EBRD SEMED Multi Donor Account, the Green Climate Fund, Global Concessional Financing Facility, the MENA Transition Fund and other bilateral and multilateral donors.
Janet Heckman, EBRD Managing Director for the SEMED region, said: “In line with the Bank’s Green Economy Transition approach, 2017 was marked by our significant role in developing the renewable energy programme in Egypt and our projects under the refugee crisis response in Jordan. Targeting key sectors of the economy, the Bank’s investments were accompanied by technical assistance and support for policy reform to improve the business environment and attract more private sector investors to the region.”
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Countries covered:
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Egypt
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Jordan
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Morocco
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Tunisia
