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    Signature(s)

    Amount
    € 346,000,000
    Countries
    Sector(s)
    Jordan : € 346,000,000
    Credit lines : € 346,000,000
    Signature date(s)
    7/12/2022 : € 60,000,000
    24/07/2023 : € 90,000,000
    29/12/2023 : € 96,000,000
    16/06/2022 : € 100,000,000
    Link to source

    Summary sheet

    Release date
    7 July 2022
    Status
    Reference
    Signed | 16/06/2022
    20220139
    Project name
    Promoter - financial intermediary
    JORDAN LOAN FOR SMES AND MID-CAPS
    ACCEPTABLE BANK(S),CAPITAL BANK OF JORDAN PSC
    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 investments undertaken by small and medium-sized enterprises (SMEs) and mid-caps in Jordan, thereby contributing to economic resilience, employment-generating activities and alleviating the economic burden of the COVID-19 crisis in the country. The loan is expected to benefit from a portion of the investment grant made available by the European Union in order to enhance the cost of the local currency tranche to an acceptable level for the borrower and, ultimately, the final beneficiaries.

    Environmental aspects
    Procurement

    The Bank will require the intermediary institution to take all the requisite measures to ensure that the procedures including procurement procedures carried out by the final beneficiaries for the sub-projects receiving Bank financing will comply with national legislation and the ElB's Environmental and Social Standards as well as international treaties and conventions signed and ratified by or otherwise applicable and binding in the country.

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

    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).

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