Algeria
Egypt
Israel
Jordan
Lebanon
Libya
Morocco
Palestine *
Syria *
TunisiaEU-funded SANAD Technical Assistance Facility launches COVID-19 Response Program to help partners tackle effects of crisis
The EU-funded SANAD Technical Assistance Facility (SANAD TAF) has launched a COVID-19 Crisis Response Program to help financial service providers in the Middle East and North Africa continue supporting micro, small, and medium enterprises in the midst of the coronavirus pandemic.
The program offers advisory services to investees of the SANAD Fund for MSME on a comprehensive set of business topics. These include risk and liquidity management, stakeholder communication, human resource management, and other areas where partners seek to refine their response to the economic fallout of the COVID-19 outbreak. By providing timely, quality consultancy on the challenges currently confronting financial institutions, the SANAD TAF aims to reinforce these institutions’ abilities to prepare for and overcome anticipated effects on their operations.
The SANAD Fund was established in 2011 to foster economic development and create jobs, particularly for youth, in the Middle East and North Africa by providing debt and equity funding to local financial institutions that lend money to support MSMEs and housing development. The SANAD Technical Assistance Facility multiplies the fund’s development impact and outreach through capacity-building at partner institutions, developing financial infrastructures according to the principles of responsible finance and conducting much required R&D.
Read more
SANAD Fund – website
Countries covered:
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Algeria
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Egypt
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Jordan
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Lebanon
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Morocco
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Palestine *
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Tunisia
