Provision of a medium-term senior unsecured loan of up to USD 2.0 million (EUR 2.0 million equivalent) in favour of Cairo Amman Bank Palestine ("CABP") under the WB&G Women in Business ("WiB") Programme to support women-led MSMEs in West Bank.
Expanding access to finance and know-how to women-led MSMEs, particularly in remote regions.
ETI score: 80
The project contributes to the objectives of the WiB programme in West Bank and Gaza and, as such, is expected to support the Inclusive and Competitive transition qualities. It seeks to increase CABP's understanding and awareness of the needs of the female segment, by helping the Client to adapt its products and delivery mechanisms to meet the needs of women-led MSMEs. To this end, the investment project is accompanied by capacity building technical assistance.
CAIRO AMMAN BANK FPSC
Cairo Amman Bank Jordan is a universal bank with Head Office in Amman and operating through a network of 100 branches and offices in Jordan and 22 in West Bank and Gaza.
EBRD Finance Summary
N/A. The funding for the project will come from EBRD West Bank and Gaza Net Income Allocation Trust Fund ("WBGTF").
Total Project Cost
(i) EBRD offers a combination of longer term financing and distinct instrument targeting women-led MSME sub-borrowers, filling a market funding gap and better suited to CABP's needs.
(ii) Knowledge, innovation and capacity-building: EBRD provides TC material to the timely realisation of the project's objectives, including support to strengthen the client's women-led MSME lending practices.
Environmental and Social Summary
Categorised FI (ESP 2019). Cairo Amman Bank Palestine will be required to continue to comply with EBRD's PRs 2, 4 and 9, implement the applicable EBRD's E&S Risk Management Procedures for MSME and Corporate loans, and submit AE&S Reports to the Bank. CABP will be required to apply the updated Exclusion List introduced with ESP 2019 as well as the new Referral list.
Technical Cooperation and Grant Financing
Cairo Amman Bank Palestine will benefit from tailored technical assistance support for on-lending to local women-led MSMEs. In addition, CABP will also benefit from a First Loss Risk Cover ("FLRC") funded from either the West Bank and Gaza Net Income Allocation Trust Fund ("WBGTF") or the European Union SEMED MSME Financial Inclusion Programme ("EU SEMED MSME FIP"), to support the client in the testing and adaptation of new requirements and products for women-led MSMEs.
Company Contact Information
Firas S. Najjab, Deputy Regional Manager / Business Group
+970 2 297 7230
+970 2 297 9758
P.O. Box 1870, Ramallah, Palestine
PSD last updated
05 Aug 2022
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