By Andrei Skvarsky.
The European Bank for Reconstruction and Development is to have a permanent office in Amman under a recent agreement with the Jordanian government.
The EBRD said in a statement that it had appointed Heike Harmgart, one of its senior economists, as head of the office.
The EBRD, which began investing in Jordan in September 2012, will focus on supporting private companies, mainly small- and medium-sized firms, restructuring and strengthening the financial sector, promoting energy efficiency and the use of sustainable energy, and infrastructural development.
Harmgart, who is a German national, worked on a Group of Eight project to help Jordan improve is municipal water supply systems, a plan that involved a $1.5m grant to the Arab country.
Egypt, Morocco, Tunisia and Turkey are other countries that have come within Harmgart’s scope of responsibilities.
Hildegard Gacek, EBRD managing director for the southern and eastern Mediterranean, said the agreement to set up permanent representation in Jordan “marks the beginning of a long-term cooperation” between the international development bank and the Middle East nation.