Algeria
Egypt
Israel
Jordan
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Libya
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TunisiaEBRD, EU and GCF promote green investments in Jordan
The European Bank for Reconstruction and Development (EBRD), the European Union (EU) and the Green Climate Fund (GCF) are promoting green investment in Jordan through the EBRD’s Green Economy Financing Facility (GEFF) with a financing package to Tamweelcom.
The US$ 4 million (€3.6 million) package includes US$ 1 million (€ 922,000) in co-financing from the GCF and incentive grants provided by the EU, as well as technical assistance supported by the EBRD, EU and GCF.
This facility will provide finance to the private sector and local micro, small and medium-sized enterprises (MSMEs) to invest in climate change mitigation and adaptation technologies and services.
Through this facility, Tamweelcom will increase its capacity to provide awareness-raising activities, targeting women and men who are sub-borrowers of green financing or loans for climate change mitigation and adaptation technologies. Sub-borrowers will also benefit from a cash-back incentive on the successful implementation of eligible projects.
A comprehensive technical cooperation package will support the preparation, implementation and monitoring of the project. Tamweelcom staff will receive training in gender-responsive green finance to help address gender-specific obstacles to supply and demand.
Countries covered:
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Jordan
