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27 January 2021

EBRD shareholders approve UAE membership

The United Arab Emirates has taken the first step towards becoming a member of the European Bank for Reconstruction and Development after the lender's Board of...

18 January 2021

EBRD reports record 2020 investment in response to COVID-19

The European Bank for Reconstruction and Development responded to the coronavirus pandemic with record investment of €11 billion in 2020 through 411 projects. The...

13 January 2021

EBRD supports secure and green energy in Jordan

The European Bank for Reconstruction and Development is providing Jordan’s National Electric Power Company (NEPCO) with a $100 million financing package to help the...

07 January 2021
in
Social infrastructure

EIB supports healthcare sector in Jordan with $59m loan

The European Investment Bank has signed a $59 million loan deal with Jordan to support the country’s healthcare sector during the COVID-19 pandemic.The...

05 January 2021
in
Social infrastructure

EBRD finances greener bus fleet in Amman

The European Bank for Reconstruction and Development is providing a €14.8 million financial package to Greater Amman Municipality in Jordan to fund a new greener bus...

03 December 2020
in
Waste and water

EIB supports priority water sector investments in Jordan

The European Investment Bank has signed a framework loan of €260 million with the government of Jordan to support priority water sector investments of the Ministry...

25 November 2020
in
Renewable energy

APICORP agrees $50m facility for Yellow Door Energy solar PV projects

The Arab Petroleum Investments Corporation (APICORP) has signed a $50 million revolving construction facility with UAE-based sustainable energy provider Yellow Door...

19 November 2020
in
IT and telecoms

EBRD and EU help improve telecommunications services in Jordan

The European Bank for Reconstruction and Development and the European Union are providing a financial package of up to $5 million to Jordan’s telecommunications...

28 August 2020

World Bank halts country business climate rankings to probe data irregularities

The World Bank has announced that it is pausing publication of its Doing Business report to probe data collection irregularities in the closely watched annual ranking of...

22 July 2020

IFC commits $5.6bn to private sector development

The International Finance Corporation committed $5.6 billion to private sector development in the Middle East and sub-Saharan Africa in fiscal year 2020.The IFC also...

16 July 2020

EBRD signs risk participation deal with Bank Al Etihad

The European Bank for Reconstruction and Development is co-financing a transaction under the Risk Sharing Framework in support of the private sector in Jordan. The move...

14 July 2020

EIB approves €70m SME financing to Capital Bank of Jordan

The European Investment Bank is supporting the Jordanian economy with a €70 million line of credit to Capital Bank of Jordan. The funds will be on-lent primarily to...

09 July 2020
in
IT and telecoms

IFC, Jordan partner on PPP high-speed internet project

The International Finance Corporation and Jordan’s Ministry of Digital Economy and Entrepreneurship have committed to attracting private sector participation to...

01 July 2020

New World Bank Country Director role for Ndiame Diop

The World Bank has appointed Ndiame Diop as its new Country Director for Brunei Darussalam, Malaysia, the Philippines and Thailand, effective immediately.Diop brings to...

17 June 2020
in
Renewable energy

APICORP invests in Jordan Wind Project Company

The Arab Petroleum Investments Corporation (APICORP) has announced its first direct equity investment in a wind energy venture, the Jordan Wind Project Company, which is...

15 June 2020
in
Social infrastructure, Waste and water

EIB approves €7.5bn in new financing for global projects

The European Investment Bank has approved €7.5 billion of new financing for projects across Europe and around the world. The financing includes investment to...

05 June 2020

EBRD reveals winners of the 2020 Sustainability Awards

The European Bank for Reconstruction and Development has announced the winners of its 2020 Sustainability Awards.The awards recognise achievements in five categories:...

02 June 2020
in
Social infrastructure

Proparco, DEG, EBRD support development of MetaMed

French development financial institution Proparco is investing $20 million in MetaMed to support healthcare in Egypt, Saudi Arabia and Jordan. Germany's DEG and...

28 May 2020

KfW commitment to developing countries stable at €10.6bn

Promotion of developing countries and emerging economies by Germany's KfW in 2019 maintained the previous year’s level of €10.6 billion for 529 projects.Of...

28 May 2020
in
Social infrastructure, Waste and water

IFC agrees $30m financing for Abdali Hospital expansion in Jordan

The International Finance Corporation is providing a financing package of up to $30 million for the completion and expansion of Abdali Hospital, a 200-bed modern...