Release date: 26 April 2021
Promoter – Financial Intermediary
ACCEPTABLE BANK(S),CAPITAL BANK OF JORDAN PSC,THE HOUSING BANK FOR TRADE AND FINANCELocation
Description
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.
Objectives
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.
Sector(s)
- Credit lines - Credit lines
Under ELM Guarantee
This operation is covered by the ELM Guarantee.
Proposed EIB finance (Approximate amount)
EUR 350 million
Total cost (Approximate amount)
not applicable
Environmental aspects
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.
Procurement
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.
Status
Signed - 7/07/2020
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).