In Jordan we focus on:
- Supporting sustainable energy through investments that promote energy efficiency hroughout the economy, the development of new sources of renewable energy and Jordan's transition to a liberalised, efficient and sustainable energy sector;
- Direct and indirect financing of private enterprises in the corporate sector, with a focus on SMEs, improvements in the agribusiness value chain as well as energy and water use efficiency; all aimed at boosting the creation of high quality jobs, including for women to further develop a thriving private sector;
- Promoting infrastructure reform and facilitating non-sovereign financing, where feasible. in order to develop efficient delivery of infrastructure services. Supporting PPPs and private sector participation in the infrastructure sector. The EBRD will also aim to support water and energy efficiency in the municipal sector.
- We continue to cooperate with other IFIs, the EU and bilateral partners to ensure that our operations take full account of their work as well.
The EBRD’s Jordan strategy was adopted on 1 October 2014
EBRD forecast for Jordan’s Real GDP Growth in 2018 2.2%
EBRD forecast for Jordan’s Real GDP Growth in 2019 2.4%
Economic growth in Jordan remained subdued in 2017 and the first half of 2018, at 2 per cent, amid continued regional turmoil, and following social unrest. Growth was driven by services, notably transportation and financial services. Tourism arrivals increased for the first time since 2010, by 7.8 per cent, signalling the best tourism season since the Arab uprising, and the increase continued in the first half of 2018, with tourist receipts increasing by 14.9 per cent y-o-y.
Growth is expected to rise only modestly to 2.2 per cent in 2018 and 2.4 per cent in 2019, supported by stronger private consumption from the higher refugee population, foreign investment, and greater certainty and confidence stemming from fiscal consolidation. Moreover, exports will benefit from higher mining output, higher phosphate prices, and the re-opening of the border with Syria and Iraq.