AMMAN — Manager of the Business Advisory Services (BAS) Program in the European Bank for Reconstruction and Development's (EBRD) Amman office, Khaled Saheb said that the volume of the bank investments in the Kingdom stood at USD1 billion over the past four years.
He said that the bank started its operations in Jordan in late 2012, adding that it provided business advice to 191 projects and contributed to creating job opportunities through these projects.
Saheb made his remarks, during a ceremony to mark the fourth anniversary of the establishment of the bank's office in Amman.
He said that supporting small and medium sized ventures is one of the pillars of the bank's strategy in the Kingdom, adding that it aims through this program to enhance economic flexibility and creating job opportunities for the youth and women.
He added that BAS program is providing financial, technical and consultative services ranging between 50 to 70 per cent of the overall cost of the projects in Jordan, noting that the program has financed 171 ventures in the Kingdom during the last four years.
In Jordan, EBRD aims to support SMEs and sustainable business. It connects clients to local consultants and international advisers who can help transform a huge range of businesses.
The bank also supports businesses from many industries, such as food and beverages, wholesale and retail distribution and construction and engineering. It does not just work in the capital city. In fact, 8 per cent of the Bank's projects are outside Amman.