The European Bank for Reconstruction and Development (EBRD) plays a crucial role in financing various development projects across Jordan, focusing on infrastructure, tourism, transportation, and renewable energy. Gretchen Perry, the EBRD’s Director for the Eastern Mediterranean Region, highlighted the bank’s commitment to supporting Jordan’s economic development through investments and technical assistance.
Perry discussed the EBRD’s collaboration with local municipalities to improve infrastructure, waste management, and public transportation systems, benefiting both communities and refugees. The bank has allocated significant funds for sustainable tourism initiatives, such as the Ayla Marina Village and the Ayla Oasis renewal plan.
Additionally, the EBRD is actively involved in supporting Jordan’s transition to a green economy, with investments in renewable energy projects and efforts to enhance the efficiency of energy and water resources. Perry emphasized the bank’s goal of becoming a green bank by 2025, with a focus on supporting projects that promote sustainability and environmental protection.
The EBRD’s partnership with Jordan extends to initiatives like the Green Cities Program and support for SMEs through financing and advisory services. Overall, the bank’s contributions aim to elevate Jordan’s economy, improve living standards, and promote sustainable development for a greener future.