Islamic Finance

European Bank for Reconstruction and Development's first green financing facility to be launched in Jordan


Published 10 Feb,2021 via The Jordan Times AMMAN — The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) in Jordan are promoting green investments in the private sector by introducing the first internationally supported comprehensive green economy programme in the country.

The programme will support Jordan’s transition to a green economy as the country adapts to an increase in demand for water and energy following a substantial growth in population, according to an EBRD statement.

The government of Jordan launched a National Green Growth Plan (NGGP) in 2016, identifying the most urgent projects in water, sustainable land management, energy efficiency, resource efficiency and renewable energy.

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The Jordan Times