Jordan: EIB and Jordan Kuwait Bank join forces to support SMEs
July 12, 2021
The European Investment Bank (EIB) is further supporting the Jordanian economy with a €100 million ($119 million) credit line to Jordan Kuwait Bank (JKB) to be on-lent primarily to local small and medium-sized enterprises (SMEs) that have been severely impacted by the economic consequences of the COVID-19 outbreak.
The operation is a part of Team Europe’s overall response to the COVID-19 crisis, which aims to support the region’s sustainable social and economic recovery.
It also falls under the EU-EIB Economic Resilience Initiative (ERI), which, amongst its primary objectives, intends to promote private sector development through support to SMEs as key players for generating economic growth and employment opportunities in Jordan.