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    Reference: 20180748
    Release date: 24 January 2020

    Promoter – Financial Intermediary

    ACCEPTABLE BANK(S)

    Location

    Description

    The project consists of a global authorisation to provide SME loan guarantees to local banks and other financial intermediaries under the Economic Resilience Initiative (ERI) - Impact Finance window.

    Objectives

    By enabling financial intermediaries to take on more risk and thus reach out to underserved and riskier segments of the economy, the operation will enable them to improve lending terms and conditions and thus providing wider access to finance for SMEs in the selected countries, in particular in Jordan and Lebanon.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 50 million

    Total cost (Approximate amount)

    EUR 500 million

    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, as appropriate.

    Status

    Approved - 14/03/2019

    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

    Mediterranean Countries Credit lines