EBRD President visits Jordan

By Nibal Zgheib

EBRD President Sir Suma Chakrabarti will visit Jordan on 9 September to underscore the Bank’s strong support for the country’s future economic development.

President Chakrabarti will hold meetings with senior government officials and will also meet representatives from the Jordanian business and financial community and the renewable energy sector.

The EBRD began investing in Jordan in 2012 when the country launched its economic reform agenda.

The Bank has already provided financing worth over €200 million in projects focused on energy and energy efficiency. A key priority for the Bank and the Jordanian authorities is EBRD financing for small and medium- sized enterprises (SMEs) and diversification of energy sources with a focus on renewable energy. It is also aiming to promote Jordan’s foreign trade links.

Speaking ahead of his visit, President Chakrabarti said: “We are fully committed to supporting economic growth in Jordan and strengthening the private sector. Our investments will help prepare Jordan for sustained economic growth in the longer term and also support the country as it addresses challenges arising from the humanitarian crisis in the region.”

During the visit Sir Suma will hold meetings with senior Jordanian officials, including Prime Minister Abdullah Ensour, Minister of Planning and International Cooperation and EBRD Governor Dr Ibrahim Saif, Minister of Energy and Mineral Resources Dr Mohammad Hamed, as well as the Governor of the Central Bank of Jordan, Dr Ziad Fariz and the Mayor of Amman, Akel Biltaji.

He will also meet with representatives from the Jordanian banking sector to discuss increasing support for SMEs and there will be separate talks with high-ranking officials from the energy sector, focused mainly on the development of renewable energy.

The visit to Jordan will also include talks on enhancing support to SMEs, during a roundtable discussion with representatives from the banking sector, including Bank Al Etihad, Jordan Ahli Bank, Jordan Loan Guarantee Corporation and INTAJ (business association for the information and communication technology sector).