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    Reference: 20220139
    Release date: 7 July 2022

    Promoter – Financial Intermediary

    ACCEPTABLE BANK(S),CAPITAL BANK OF JORDAN PSC

    Location

    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 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.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 350 million

    Total cost (Approximate amount)

    not applicable

    Environmental aspects

    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.

    Procurement

    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.

    Status

    Signed - 16/06/2022

    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).

    Related tags

    Jordan Credit lines