Ammon News - The European Bank for Reconstruction and Development (EBRD) renewed its support for Jordan in enhancing its economic growth, through new investments in 2024 for more then $100 million in several sectors to ensure the provision of more job opportunities that reduce unemployment.

The EBRD's First Vice President, Jürgen Rigterink, said that the bank has been investing in Jordan for more than 10 years with no less than $1.2 billion, in financing through at least 71 projects, to promote green investments in the country, infrastructure repair and private sector growth, as well as promoting inclusion and job creation.

Jordan is very important to the EBRD, Rigterink confirmed, stressing that despite what is happening in the region, Jordan remains an island of stability within its surroundings, and its economic growth is relatively stable at no less than 3%, and inflation is low compared to similar economies, which makes it an attractive country for investment, AL-Mamlaka TV reported.

Rigterink indicated that the bank is investing in Jordan with the aim of supporting it in its economic development, and to ensure that the relatively high unemployment rates decrease, explaining that the bank is working to enhance job creation and help the government in promoting economic growth.

He reaffirmed that Jordan is an "island of stability" in the region, and it recorded a very stable and acceptable growth rate of just under 3% in 2023, while the EBRD believes that this growth will continue also in 2024.

Jordan's GDP (economy) reached 2.6%, and unemployment reached 21.4% at the end of 2023, while the inflation rate in Jordan reached 1.95% at the end of last January 2024, according to official statistics.

The war on Gaza will have a negative impact on the economic of the countries of the region, especially Jordan, while contributing to delaying the implementation of many investments in the private sector, Rigterink stated.

Regarding the future projects that the bank is working to implement in Jordan, Rigterink noted that the bank invested approximately $62 million in 5 projects in 2023, and in 2024 it aims to reach a much higher number of investments.