Tag: EBRD

EBRD Loans $21 million to Al Jazeera Agricultural Company

In an effort to foster economic development in rural areas of Jordan, the European Bank for Reconstruction and Development (EBRD) has loaned $21 million to the Al Jazeera Agricultural Company to help expand and upgrade its facilities. The investment will…

Lending to the Little Guy

The growth of small and medium businesses continues to be hindered by a lack of access to finance. But could recent initiatives change this? By Jane Hosking Growing an SME without access to finance is no easy task. Just ask…

GAM to Convert Waste into Energy

The European Bank for Reconstruction and Development (EBRD) has loaned the Greater Amman Municipality (GAM) $13 million to fund the construction of a landfill-gas recovery system which converts municipal waste into energy. The project, which is the first of its…

Russia’s Downturn Adds to Weakness in EBRD Economies

A sharp fall in the price of oil has piled pressure on an already fragile Russia, and is hitting growth in energy exporters and other emerging nations with close links to eastern Europe’s largest economy, according to the EBRD’s latest…

EBRD: Firms Need Greater Government Help

Jordanian firms need more government support to overcome challenges holding back greater competitiveness and innovation, including lack of access to finance, corruption, skill shortages, and over-burdensome taxes, according to a major new report from the European Bank for Reconstruction and…

EBRD Extends $20 Million MSME Facility to Cairo Amman Bank

The European Bank for Reconstruction and Development (EBRD) is partnering with Cairo Amman Bank (CAB) to increase support for small businesses in Jordan by providing the equivalent of US$ 20 million in Jordanian dinars for on-lending to micro, small and…

EBRD: Jordan’s Long-term Development

The European Bank for Reconstruction and Development (EBRD) is fast shaping up to be a major supporter of Jordan’s economy, having sunk no less than $260 million into a variety of projects over the two years it’s been operating in…