ERI SME GUARANTEE - CAPITAL BANK OF JORDAN

Promoteur – Intermédiaire Financier

CAPITAL BANK OF JORDAN PSC

Lieu

• Jordanie

Description

Capped partial portfolio guarantee to a selected financial intermediary to support financing of investments undertaken by small and medium-sized enterprises (SMEs) in Jordan, thereby contributing to economic resilience in a country that has been severely impacted by external shocks such as the Syrian refugee crisis and the COVID-19 pandemic.

Objectifs

The primary objective of the operation is to enhance access to finance for Jordanian small- and medium-sized enterprises (SMEs) through improved terms and conditions, especially reduced collateral requirements, lower financing costs and longer maturities. It will encourage the intermediary in reaching out to underserved and vulnerable groups of the Jordanian society, including women, youth and refugees, and sustain support to clients affected by the COVID-19 crisis.

Secteur(s)

• Lignes de crédit - Lignes de crédit

Montant BEI envisagé (montant approximatif)

EUR 12 million

Coût total (montant approximatif)

EUR 70 million

Aspects environnementaux

The Bank will require the selected financial intermediary to take all requisite measures to ensure that the relevant procedures carried out by the final beneficiaries will comply with national legislation and the EIB's Environment and Social Standards.

Passation des marchés

The Bank will require the selected financial intermediary to take all requisite measures to ensure that procurement by the final beneficiary is undertaken in line with the provisions of the EIB Guide to Procurement.

Statut

Signé - 28/01/2021