Jordan EBRD Cooperation Overview

• In early 2011, the EBRD’s shareholders gave unanimous backing to the expansion of the Bank’s mandate, allowing bank operations in the southern and eastern Mediterranean (SEMED) region, which includes Egypt, Jordan, Morocco and Tunisia. Lebanon was granted “Recipient Country Status” in 2017, and a decision was also taken to allow the Bank operations in West Bank and Gaza.
• The EBRD’s strategic plan for the period 2016-18 has three priorities: (i) strengthening economic resilience, (ii) addressing global challenges; and (iii) supporting regional integration. EBRD’s focus has been on Green Economy Transition since late 2015, the EBRD expects to more than triple the volume of renewable energy financed in Jordan in the near future.

                      Click here To Display The Green Economy Transition.

• Jordan became a member of the EBRD in December 2011. The Host Country Agreement on the Cooperation and the Activities of the Bank in the Kingdom was signed on 18 February 2013. EBRD officially opened its first Resident Office in region in Amman in October 2013. Jordan became a recipient country of the EBRD as of 4 November 2013; gaining full access to EBRD’s lending resources in addition to technical cooperation.
• For Jordan, EBRD’s focus is on supporting sustainable energy, direct and indirect financing of private enterprises and promoting infrastructure reform as well as facilitating non-sovereign financing.
• The first Country Strategy for Jordan was approved by the Board in October 2014 (1st strategy in SEMED region). The strategy, which covers a four-year period, was developed through extensive consultations with many Jordanian stakeholders from both the public and private sectors, particularly on the proposed operational themes that it will focus on.
• The strategic themes identified for EBRD to focus its engagement on include:

1. Enhancing energy sustainability and energy efficiency.

Supporting sustainable energy through investments that promote energy efficiency throughout the economy, the development of new sources of renewable energy and alternative fossil fuel supply as well and Jordan's transition to a liberalized, sustainable energy sector.

2. Enabling dynamic, private sector-led, inclusive growth.

Direct and indirect financing of private enterprises in the corporate sector, including SMEs, improvements in the agribusiness value chain and energy and water use efficiency, aimed at boosting the creation of high quality jobs and further developing a thriving private sector

3. Support commercialization and private sector participation in infrastructure.

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. EBRD also aims to support water and energy efficiency in the municipal sector.

• Since 2012, EBRD has committed over US$1.02 billion for a significant number of investment projects (87% private sector operations in addition to sovereign and sub-sovereign financing) in addition to US$85 million worth of equity, trade facilitation, MSME and finance credit lines investments with local banks.
• The Bank has also provided grants and technical assistance support to key priority areas in transport, energy and renewable energy, water and wastewater, infrastructure, environment, capital market and gender.

Global Concessional Financing Facility GCFF

Under GCFF, Jordan has two operations with EBRD; (i) Ain Ghazal Wastewater Project (CFF, EBRD loan and grant, DFID grant); and (ii) West Irbid Wastewater Network Project (GCFF, EBRD loan, and EBRD grant).

Cooperation under the G7 Deauville Partnership/MENA Transition Fund

Two projects funded under the Deauville Transition Fund are being implemented with support of EBRD (EBRD is implementation support agency):

1. Reliable Quality Water for Jordan for US$1.42 million and currently under implementation.
2. Establishment of a National Center for Innovation for US$2.2 million with the Higher Council for Science and Technology as the beneficiary and currently under implementation.