The southern and eastern Mediterranean, known within the EBRD as SEMED, is the latest region in which we are working to boost economic growth and democratic change.
The EBRD has been investing in Egypt, Jordan, Morocco and Tunisia since September 2012.
All four nations, in their different ways, emerged from the Arab uprising events in 2011 with different political systems and a new determination to reform their economies.
The four countries, the European Council and the G8 all called on the EBRD in 2011 to extend its mandate to include the new region and apply the lessons learned during the transition in central, south-eastern and eastern Europe, Russia, the Caucasus and Central Asia to the Mediterranean.
Egypt and Morocco originally joined the Bank as shareholders in 1991. Jordan and Tunisia became members at the end of 2011.