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    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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