The European Bank for Reconstruction and Development (EBRD) has launched a new $634 million green finance program covering 13 countries, including Jordan. The program aims to provide concessional financing, incentive grants, and advisory services to support green investments in renewable energy, energy efficiency, sustainable construction, and climate-resilient technologies.
اضافة اعلان
According to EBRD data cited by Al Mamlaka TV, the program will enable Jordanian financial institutions to access soft loans, climate risk assessment tools, and specialized training, allowing them to later offer green finance products independently and sustainably.
In Jordan, the program is expected to benefit multiple segments, including households, farmers, small and medium-sized enterprises (SMEs), municipalities, public utilities, and large companies.
The bank noted that part of the financing will be directed toward social justice and geographical inclusivity, with 30% of loans allocated outside the capital Amman, and 20% of funds dedicated to women-led projects—promoting balanced development across the Kingdom.
Jordan is among 13 countries in the EBRD’s regions of operation that will benefit from the program, alongside Egypt, Morocco, Kazakhstan, Uzbekistan, Serbia, Armenia, Georgia, Kyrgyzstan, Moldova, Mongolia, North Macedonia, and Tajikistan.
The initiative, titled “Greening Financial Systems: Bringing Climate Finance to All”, was launched in cooperation with the Green Climate Fund (GCF), which contributed $200 million in concessional loans, incentive grants, and technical assistance.
The program seeks to accelerate the shift toward green finance and transform markets, building on the success of the previous Green Economy Financing Facility (GEFF) program, valued at $1.4 billion, including $378 million from the GCF.
Through this collaboration, the EBRD aims to strengthen the role of partner financial institutions in financing environmentally friendly projects and encourage them to adopt climate transition plans aligned with the Paris Agreement, while providing additional financial incentives for institutions that commit to such measures.
—Al Mamlaka
