Cairo Amman Bank secures $10 million loan to promote climate investments in Jordan

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Cairo Amman Bank secured a $10 million loan with the aim of promoting climate investment in Jordan and providing loans to small and medium-sized enterprises that invest in technologies that help reduce the impact of climate change and adapt to it.

The loan, totaling $10 million, including $7.5 million from the European Bank for Reconstruction and Development (EBRD) and $2.5 million in financing from the Green Climate Fund, is the first financial facility obtained by Cairo Amman Bank within the framework of the regional green economy. funding program – the Green Climate Fund in Jordan.

The loan agreement was signed by Jurgen Rigterink, EBRD Senior Vice President and Head of Client Services Group, and Kamal Al Bakri, CEO of Cairo Amman Bank.

With this, Cairo Amman Bank has launched a new era of green climate investments in Jordan in cooperation with the EBRD and the Green Climate Fund. This financing package of $10 million under the green economy financing mechanisms will allow the bank to invest in climate change and green technologies.

“This cooperation and appropriate moral and financial support allow the bank to strengthen its partnership with the EBRD to continue and build on the success stories that have greatly contributed to Jordan’s economic growth over the past decades.”

In recent years, Cairo Amman Bank has intensified its activities and events aimed at spreading the culture of green environment, as the bank has taken responsibility for spreading and promoting this culture in the community.

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Bank of Cairo Amman PSC published this content on 06 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unmodified, on November 06, 2022 11:31:00 AM UTC.

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