7/4/2025 - The Minister of Planning and International Cooperation Zina Toukan, met with Matteo Patrone, the Vice President of the European Bank for Reconstruction and Development (EBRD), and the accompanying delegation of Mark Davis, Executive Director for the Southern and Eastern Mediterranean at EBRD, Gretchen Perry, Head of the EBRD Office in Amman, and Catherine Stewart, Executive Director of EBRD’s Board.
Toukan commended the important role the bank plays in supporting Jordan's developmental priorities and the private sector within the priorities of the Economic Modernization Vision. Future cooperation priorities, particularly in the sectors of water, wastewater, green energy, education, and transportation, were discussed. Toukan stressed the importance of expanding the Bank's investment portfolio with the private sector under the new country strategy for Jordan for 2025-2030.
On his part, Patrone highlighted the strong partnership with the Jordanian government established over the past years and the importance of building on the successful projects funded by the bank for both the public and private sectors. He affirmed the bank's readiness to provide its expertise and financial resources to support Jordan's national priorities, adding, “Jordan is distinguished by its stability and economic resilience, especially in these challenging times. We are committed to supporting the economy by developing its infrastructure, enhancing green investments, and increasing the participation of women and youth in the workforce. On this occasion, I would also like to congratulate Jordan on the successful implementation of the International Monetary Fund program and its continuous progress in executing reforms.”
Worth mentioning that the European Bank's investment portfolio in Jordan has grown to approximately €2.3 billion since 2012, supporting diverse projects across various sectors such as renewable energy, pharmaceuticals, water, municipal infrastructure, solid waste, transport, tourism, and local banks, to provide facilities for financing micro, small, and medium enterprises, as well as supporting a private sector that accounts for 54% of the bank's financing, along with technical assistance and advisory services in many sectors that fall within the priorities of cooperation between Jordan and the bank.