Jordan Chosen to Head EBRD Board of Governors

تم نشره في Sat 13 May / May 2017. 12:00 AM
  • Jordan Chosen to Head EBRD Board of Governors - (Petra)

AMMAN — The European Bank for Reconstruction and Development (EBRD) Board of Governors has chosen Jordan as its chair for 2017-2018, and South Korea and Serbia as vice chair.

The selection of Jordan was made during the Board of Governors' 26th annual meeting, which was held in Cyprus on Wednesday and Thursday with the participation of Jordan’s governor to the EBRD, Minister of Planning and International Cooperation Emad Fakhouri.

Fakhouri said in a statement on Saturday that members of the board of governors had unanimously chosen Jordan as the venue for the next annual meeting of the EBRD board and business forum, which will convene at the Dead Sea on May 8-10, 2018, with the participation of 70 nations.

He said Jordan will be the first country in the region to host the meeting, a move that was in recognition of the Kingdom's distinguished developmental efforts and political and economic reforms as well as the EBRD's expanding of its operations in Jordan.

Fakhouri also said the Cyprus meeting had allocated EUR50 million as additional grants to countries hosting Syrian refugees, adding that the EBRD had, with Jordan's support, decided to open a trust fund for investment in Palestine.

He said the EBRD regional office in Jordan will manage investment activities the bank will finance in the West Bank and Gaza Strip, and in Lebanon at a later stage.