Amman, Jul 5 (NNN-PETRA) – The European Investment Bank (EIB), said yesterday that, it provided 100 million euros (119 million U.S. dollars), as a line of credit, to support the private sector in Jordan, against the impact of COVID-19, it was reported.
The sum was offered to Jordan-Kuwait Bank, that will on-lend it to the country’s small- and medium-sized enterprises, that have been severely impacted by the unprecedented crisis, EIB said.
Flavia Palanza, director of Neighbouring Countries Department of the EIB, said, it is one of the EIB’s top priorities, to support the resilience of the private sector, by providing funding through cooperation with the Jordanian banking sector and the support of the European Union.– NNN-PETRA
