The Vice President of the European Investment Bank (EIB) Dario Scannapieco will hold an official visit to Jordan during 13-14th March 2017 to have an audience with the Minister of Planning and International cooperation, several Ministers and senior officials. 

During his visit to Jordan, the EIB Vice President will attend a business breakfast organised in coordination with EDAMA business association on the EIB supporting economic resilience in Jordan through private sector investments. Several members of the government and Mr. Andrea Fontana, the EU ambassador to Jordan will attend the business breakfast as well as representatives of the Jordanian business community. 

The EIB Economic Resilience Initiative forms part of the joined up EU response to the challenges posed by forced displacement and migration, and will be implemented in close cooperation with EU member states and other partners. The initiative involves support for the public and the private sectors in Jordan and other affected countries. 

Ahead of his visit, Vice President Scannapieco said: "The Economic resilience Initiative is an important step up in the Bank's commitment to Jordan at a critical point in its political and economic development". 

 

Background information 

The European Investment Bank (EIB) is the long-term lending institution of the European Union owned by its Member States. It makes long-term finance available for sound investment in order to contribute towards EU policy goals. 

The European Investment Bank (EIB) is one of the leading development finance players in the Mediterranean region. The Bank's goal is to support economic and social development by improving people's living conditions. The EIB aims to establish a tangible presence in the EU neighbourhood countries, focusing on the economic and social priorities of the beneficiary countries to which it not only contributes its financing capacity but also adds value in project implementation and modernisation of public policies through its technical and financial expertise and advisory services. 

Since starting its activities in Jordan in 1978, the EIB has provided total financing of over EUR 1 billion to support key economic and social sectors; water , energy, industry, transport and education sectors. The EIB's aim has been to deploy its resources to provide an appropriate practical response to the expectations expressed by Jordanian people.

Source :NNA