EBRD Appoints Philip ter Woort Director For Eastern Mediterranean Region
By Nibal Zgheib
The EBRD has appointed Philip ter Woort Director for its eastern Mediterranean region, leading its future operations in Jordan, Lebanon and the West Bank and Gaza.
Mr. ter Woort will start his new position on 1 July 2020 and will be based in Jordan where he follows Heike Harmgart, who was appointed EBRD Managing Director for the southern and eastern Mediterranean region (SEMED) in 2019.
“I am honoured to take on this new responsibility and to continue and expand the significant work the EBRD is already doing in the region thanks to my predecessors work. We will focus on supporting the private sector overcoming the coronavirus pandemic and for this a strong partnership with key stakeholders is critical. The EBRD is a well-established partner in the region and I look forward to building on our strong foundations.”
Mr. ter Woort joined the EBRD in 2009 as Head of Office for Mongolia, based in Ulaanbaatar. In 2013, he was appointed the Bank’s first Director for Egypt and established its operations in the country. After four years he moved to London as Director of Business Development.
Before he joined the EBRD, ter Woort served in senior roles at Dutch banks and multinational companies in the Netherlands, Belgium, Switzerland and Russia.
The EBRD launched its operations in the SEMED region in 2012 and to date has invested over €11.5 billion(US$29.49billion) in the region between Morocco and Jordan. The Bank is working to strengthen the resilience of local economies with a combination of investments and policy engagement. The EBRD focuses on supporting small and medium-sized enterprises, promoting agribusiness, developing infrastructure and local services and supporting renewable energy and energy efficiency and the development of local capital markets.