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    Reference: 20160489
    Release date: 23 November 2016

    Promoter – Financial Intermediary

    ARAB BANK PLC

    Location

    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)

    Under ELM Guarantee

    This operation is covered by the EU Political Risk Guarantee for EIB loans outside the EU.

    Proposed EIB finance (Approximate amount)

    EUR 450 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 data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Egypt Jordan Lebanon Morocco Palestine* Credit lines