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TunisiaEuropean Bank for Reconstruction and Development and EU to promote green investments in Jordan
The European Bank for Reconstruction and Development (EBRD) and the European Union in Jordan are promoting green investments in the private sector by introducing the first internationally supported comprehensive green economy programme in the country.
The programme will support Jordan’s transition to a green economy as the country adapts to an increase in demand for water and energy following a substantial growth in population. The government of Jordan launched a National Green Growth Plan (NGGP) in 2016, identifying the most urgent projects in water, sustainable land management, energy efficiency, resource efficiency and renewable energy.
During a virtual webinar the EBRD presented its support programme, which is expected to be launched in Jordan in 2021. The EBRD plans to roll out its Green Economy Financing Facility (GEFF) and the related Green Value Chain (GVC) Facility for small and medium-sized enterprises (SMEs). The programme combines commercial loans from the EBRD, concessional loans from the Green Climate Fund (GCF) and grant funding by the EU.
Since the start of its operations in Jordan in 2012, the EBRD has provided more than €1.4 billion in financing for 54 projects.
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