GCFF JORDAN PRIVATE SECTOR GUARANTEE FACILITY

Promoteur – Intermédiaire Financier

ACCEPTABLE BANK(S),BANK AL ETIHAD,CAPITAL BANK OF JORDAN PSC,MICROFUND FOR WOMEN

Lieu

• Jordanie

Description

The facility will provide partial portfolio guarantees to local financial intermediaries (FIs), either banks or microfinance institutions, under the Global Concessional Finance Facility (GCFF) - Private Sector Operations framework. GCFF supports middle income countries impacted by the influx of refugees, in this case Jordan as a pilot country. By providing a partial risk protection to FIs in form of guarantees on underlying debt-financing granted to MSMEs on a portfolio basis, the operation will encourage the intermediaries in lending underserved and vulnerable groups of the Jordanian society (including women, youth and refugees) as well as affected by the COVID-19 crisis.

Objectifs

The primary objective is to enhance access to finance for Jordanian micro, small and medium sized enterprises (MSMEs) at better terms and conditions, in particular, through reduced collateral requirements, lower financing costs and longer maturities. The operation will also promote the financial inclusion of refugees and host communities as well as of further underserved segments of the economy.

Secteur(s)

• Lignes de crédit - Lignes de crédit

Montant BEI envisagé (montant approximatif)

USD 30 million (EUR 28 million)

Coût total (montant approximatif)

USD 268 million (EUR 251 million)

Aspects environnementaux

The selected financial intermediaries will have 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 selected financial intermediaries will have to take all requisite measures to ensure that procurement by the final beneficiaries is undertaken in line with the provisions of the EIB Guide to Procurement.

Statut

Signé - 27/03/2023