The European Bank for Reconstruction and Development announced, Tuesday, the accession of Tunisia and Jordan as members.
In a statement, the EBRD said the two countries are approaching more and more countries receiving investments from the bank.
“The EBRD has the ability to invest over the medium term, up to 2.5 billion Euros per year in the eastern and southern Mediterranean region,” said the development bank.
The EBRD was established in 1991 to assist countries in Eastern Europe and the former Soviet Union to negotiate the transition from centrally planned to market economies and more democratic forms of government.
Earlier this year, the Group of Eight major countries asked the Bank to do the same with the countries involved in the Arab spring.
Jordan and Tunisia joined Egypt and Morocco, who are members of the EBRD since its inception.