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TunisiaEuropean Bank for Reconstruction and Development boosts capital market development in Jordan
The European Bank for Reconstruction and Development (EBRD) and Jordan Securities Commission have presented the “Capital Market Development Strategy and Roadmap for Jordan”, which aims to create a capital market capable of supporting the country’s economic development through better provision of finance for the private sector.
The strategy, presented in Amman last week, includes a sequence of 121 action items, spread over five overarching themes, all aimed at addressing key challenges for the country’s development. These include improving opportunities for the private sector to raise finance and providing more investment opportunities for the public, as well as improving the resilience of Jordan’s financial system.
The Strategy and Roadmap aims to increase the capital market’s effectiveness, support Jordan’s efforts to build economic growth, create jobs and raise the standard of living for its residents. It is rooted in the broader “Jordan 2025: A National Vision and Strategy”, which specifies over 400 policies and procedures for the general economy that should be implemented through a participatory approach between the government, private sector and civil society.
The EBRD has invested over €1.3 billion through 44 projects in Jordan since it began operations in the country in 2011. Facilitating non-sovereign financing and promoting direct and indirect financing of private enterprises such as SMEs are key priorities for the Bank’s work in Jordan.
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Jordan
