According to bank provided information, the investment involves a 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.
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.
Contact information not provided at the time of disclosure
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