Release date: 23 November 2016
Promoter – Financial Intermediary
ARAB BANK PLCLocation
Description
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 Egypt, Lebanon, West Bank and Morocco, thereby contributing to economic resilience, employment-generating activities and alleviating the economic burden of the refugee crisis across the region.
Objectives
Financing of small/medium projects carried out by SMEs, mid-caps and other private or public sector entities
Comments
This operation is covered by the EU Political Risk Guarantee for EIB loans outside the EU.
Sector(s)
- Credit lines - Credit lines
Under ELM Guarantee
This operation is covered by the ELM Guarantee.
Proposed EIB finance (Approximate amount)
EUR 300 million
Total cost (Approximate amount)
not applicable
Environmental aspects
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation and the EIB Guide to Procurement, as appropriate.
Status
Signed - 19/12/2017
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).