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According to the Bank’s website, the project consists of the provision of a USD 8.0 million (EUR 6.9 million) loan in favor of Cairo Amman Bank Palestine (CABP) under the WB&G Green Economy Financing Facility (GEFF) for on-lending to eligible MSMEs and residential sub-borrowers based in the West Bank. The GEFF loan will be accompanied by a comprehensive package of incentive grants and technical assistance funded by the European Union (EU) through the EU-EBRD Sustainable Growth4All Program.
The GEFF loan will enable Cairo Amman Bank Palestine (CABP) to scale up green investments in the West Bank through gender responsive on-lending to MSMEs and residential sub-borrowers for investments in small-scale renewable energy, water, energy, and resource efficiency projects, including the circular economy concept, and support of relevant green technology supply chains in the West Bank.
Categorised FI (ESP 2024). Cairo Amman Bank is an existing client of the EBRD. Eligible subprojects will support green finance to MSMEs and residential sub-borrowers, which are likely to be of low to medium environmental and social (E&S) risk. The main E&S risks relate to the client's capacity to implement its Environmental and Social Management System (ESMS) and potential impacts arising from the financed sub loans and contextual risks associated with operating in the West Bank and Gaza, such as security and access constraints that may impact project implementation and monitoring.
A USD 8.0 million (EUR 6.9 million) loan under the WB&G Green Economy Financing Facility (GEFF).
Cairo Amman Bank Palestine - CABP is the 7th largest bank in the West Bank and Gaza (WB&G) and is a registered branch network of Cairo Amman Bank Jordan (CAB) and fully owned by it. CAB is a universal bank headquartered in Amman, Jordan and operates through a network of 102 branches in Jordan, 22 branches in WB&G, and 1 branch in Bahrain, employing over 2,000 staff. CABP is a key player in the Palestinian market, and offers a wide range of products and services, including retail, MSME and corporate lending.
Firas S. Najjab, Deputy Regional Manager / Business Group
Firas.Najjab@CAB.ps
+970 2 297 7230
https://www.cab.ps/
P.O. Box 1870, Ramallah, Palestine.
ACCESS TO INFORMATION
You can request information by emailing: accessinfo@ebrd.com or by using this electronic form: https://www.ebrd.com/eform/information-request
ACCOUNTABILITY MECHANISM OF EBRD
The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent.
You can contact the PCM at: pcm@ebrd.com or you can submit a complaint online using an online form at: http://www.ebrd.com/eform/pcm/complaint_form?language=en
You can learn more about the PCM and how to file a complaint at: http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html