Minister of Planning and International Cooperation Zina Toukan met with Vice President of the European Investment Bank (EIB) Gelsomina Vigliotti and her accompanying delegation during her visit to Jordan to discuss bilateral cooperation between the Kingdom and the Bank, and the Bank’s role in supporting and implementing projects within the framework of the strategic and comprehensive partnership between Jordan and the European Union.
اضافة اعلان
The meeting covered the Bank’s ongoing portfolio of projects in Jordan, their progress, particularly in the water and sanitation sectors, private sector support, as well as priority projects aligned with the Economic Modernization Vision, especially in the sectors of energy, water, education, and financial services.
Minister Toukan reaffirmed the importance of the relationship with the EIB, describing it as the EU’s bank and financial arm, and one of Jordan’s key development partners in supporting the implementation of priority development projects. She highlighted the Bank’s support through concessional loans, investment, and technical grants, which helped fund projects in priority sectors such as water, sanitation, energy, healthcare, and education, in addition to developing the private sector and providing financing to Jordanian banks for intermediary lending to small and medium enterprises. She also praised the Bank’s commitment to supporting the Aqaba-Amman Water Conveyance Project.
Vice President Vigliotti confirmed that the progress achieved is encouraging and reflects the fruitful partnership between Jordan and the EIB. She emphasized the Bank’s commitment to expanding cooperation with Jordan across various sectors, including water and energy, as well as supporting investment projects.
The meeting was also attended by Suad Al-Farsi, Director of the EIB representative office in Amman.
Between 2014 and 2024, the EIB’s portfolio in Jordan grew to approximately €2.25 billion for public and private sector projects, mainly focused on water, health, energy, services, and lending to local banks to support micro, small, and medium-sized enterprises.
