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TunisiaEU, EBRD and GCF promote green investments in Jordan
The European Bank for Reconstruction and Development (EBRD) is promoting green investment in Jordan through its Green Economy Financing Facility (GEFF) with a loan to the Housing Bank (HBTF).
The loan which totals US$ 15 million (€13.8 million), includes US$ 3.75 million (€3.4 million) in co-financing from the Green Climate Fund (GCF); up to €1.69 million in incentive grants provided by the European Union (EU); and technical assistance supported by the EBRD, EU and GCF.
The loan will help provide the private sector and local micro, small and medium-sized enterprises (MSMEs) with access to loans to boost investment in climate change mitigation and adaptation technologies and services.
The financing will also be used to build the HBTF’s capacity and for awareness-raising activities on climate change mitigation and adaptation technologies among MSME sub-borrowers. To encourage investments in green 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. HBTF staff will also receive training on gender-responsive green finance to help address gender-specific supply and demand obstacles.
Countries covered:
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Jordan
