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JORDAN LOAN FOR SME RESILIENCE FACILITY

Signature(s)

Amount
€ 346,262,059.29
Countries
Sector(s)
Palestine* : € 19,410,622.9
Jordan : € 326,851,436.39
Credit lines : € 346,262,059.29
Signature date(s)
30/12/2021 : € 19,410,622.9
16/12/2021 : € 26,464,361.33
23/11/2021 : € 30,000,000
7/07/2020 : € 70,000,000
22/12/2020 : € 100,000,000
30/06/2021 : € 100,387,075.06
Link to source

Summary sheet

Release date
26 April 2021
Status
Reference
Signed | 07/07/2020
20190167
Project name
Promoter - financial intermediary
JORDAN LOAN FOR SME RESILIENCE FACILITY
ACCEPTABLE BANK(S),CAPITAL BANK OF JORDAN PSC,THE HOUSING BANK FOR TRADE AND FINANCE
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 350 million
not applicable
Location
Sector(s)
Description
Objectives

Long-term financing for small and medium-sized enterprises (SMEs) and mid-caps to improve access to finance and financial inclusion, which have been identified as key factors for reinforcing Jordan's economic resilience.

The facility aims to finance eligible small and medium-sized investments undertaken by small and medium-sized enterprises (SMEs) and mid-caps in Jordan as well as potentially Palestine, thereby contributing to economic resilience, employment-generating activities and alleviating the economic burden of the COVID-19 crisis in the concerned countries.

Environmental aspects
Procurement

The intermediary institution will be required to take all the requisite measures to ensure that the procedures carried out by the final beneficiaries for the sub-projects receiving Bank financing will comply with national legislation and the EIB's Environmental and Social Standards.

The intermediary institution will be required to take all the requisite measures to ensure that any procurement procedures carried out by the final beneficiaries for the sub-projects that the Bank finances are in accordance with the EIB Guide to Procurement.

Under ELM Guarantee

This operation is covered by the ELM Guarantee.

Link to source

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

News & Stories

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The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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