{"id":75142,"date":"2022-12-07T02:05:26","date_gmt":"2022-12-07T02:05:26","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2022\/12\/07\/jordan-lands-another-geff-financing-facility-to-push-forward-with-green-transition\/"},"modified":"2022-12-07T02:05:26","modified_gmt":"2022-12-07T02:05:26","slug":"jordan-lands-another-geff-financing-facility-to-push-forward-with-green-transition","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2022\/12\/07\/jordan-lands-another-geff-financing-facility-to-push-forward-with-green-transition\/","title":{"rendered":"Jordan lands another GEFF financing facility to push forward with green transition"},"content":{"rendered":"

<\/a> Jordan secures more GEFF financing:<\/strong> Jordan will receive USD 40 mn for on-lending to the private sector from The European Bank for Reconstruction and Development (EBRD), the European Union (EU) and the Green Climate Fund (GCF)\u2019s Green Economy Financing Facility programme<\/a> (GEFF), according to a statement<\/a> issued by the EBRD. The GEFF has financed facilities worth USD 22 mn to Jordan this year including Cairo Amman Bank<\/a>, Etihad Bank<\/a> and the Microfund for Women<\/a>.<\/p>\n

The details: <\/strong>The USD 40 mn loan EBRD, GCF and EU will provide the funds in financing to local banks, microfinance institutions and leasing companies to on-lend to the private sector for investment in high-performance technologies and services to support Jordan\u2019s green economy.<\/p>\n

Jordan is forging ahead with renewables: <\/strong>Jordan hosted the International Investment Forum<\/a>for Renewable Energy and Energy Efficiency<\/a> in late October to discuss renewable energy, energy efficiency, smart cities and grids, green hydrogen and sustainability. The Hashemite Kingdom is pushing for greater investments and cooperation in renewables including green hydrogen discussions with Norway<\/a>, conducting a feasibility study for a 2 GW wind project with the UAE<\/a>, as well as previous wind and solar farms with Alcazar Energy<\/a>.<\/p>\n

REGIONALLY-<\/strong> This recent GEFF facility is part of a raft of recent regional loans for on-lending to climate-focused SMEs. Morocco\u2019s Bank of Africa \u2013 BMCE Group recently secured EUR 13 mn in loans<\/a> to use for on-lending to SMEs, with EUR 9.75 mn of this funding coming from the EBRD and EUR 3.25 mn from the GCF, and the EU providing a separate EUR 1.43 mn grant. Last year, the EBRD greenlit a USD 25 mn loan to the National Bank of Kuwait Egypt<\/a> in April, a USD 50 mn loan to QNB AlAhli<\/a> in June, and a USD 100 mn facility to Egypt\u2019s Banque Misr<\/a> in November.<\/p>\n","protected":false},"excerpt":{"rendered":"

Jordan secures more GEFF financing: Jordan will receive USD 40 mn for on-lending to the private sector from The European Bank for Reconstruction and Development (EBRD), the European Union (EU) and the Green Climate Fund (GCF)\u2019s Green Economy Financing Facility programme (GEFF), according to a statement issued by the EBRD. The GEFF has financed facilities […]<\/p>\n","protected":false},"author":1,"featured_media":75143,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[443],"tags":[165,531,390,40,11,227,164,93,206,88,52],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-75142","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-climate-finance","tag-alcazar-energy","tag-climate-finance","tag-ebrd","tag-egypt","tag-enterpriseclimate","tag-green-economy","tag-green-finance","tag-jordan","tag-norway","tag-renewables","tag-uae","wpautop","entry"],"acf":{"mongo_id":"0012f4b1-24a2-48c9-b997-f2f5eb2af8eb","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/12\/2255.jpg","photo_position":"above","related_issue":[75135],"teaser":"","voice_url":""},"yoast_head":"\nJordan lands another GEFF financing facility to push forward with green transition - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2022\/12\/07\/jordan-lands-another-geff-financing-facility-to-push-forward-with-green-transition\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Jordan lands another GEFF financing facility to push forward with green transition\" \/>\n<meta property=\"og:description\" content=\"Jordan secures more GEFF financing: Jordan will receive USD 40 mn for on-lending to the private sector from The European Bank for Reconstruction and Development (EBRD), the European Union (EU) and the Green Climate Fund (GCF)\u2019s Green Economy Financing Facility programme (GEFF), according to a statement issued by the EBRD. The GEFF has financed facilities […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/climate\/2022\/12\/07\/jordan-lands-another-geff-financing-facility-to-push-forward-with-green-transition\/\" \/>\n<meta property=\"og:site_name\" content=\"Climate\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-07T02:05:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/2255.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2022\/12\/07\/jordan-lands-another-geff-financing-facility-to-push-forward-with-green-transition\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2022\/12\/07\/jordan-lands-another-geff-financing-facility-to-push-forward-with-green-transition\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Jordan lands another GEFF financing facility to push forward with green transition\",\"datePublished\":\"2022-12-07T02:05:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2022\/12\/07\/jordan-lands-another-geff-financing-facility-to-push-forward-with-green-transition\/\"},\"wordCount\":306,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2022\/12\/07\/jordan-lands-another-geff-financing-facility-to-push-forward-with-green-transition\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/2255.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Alcazar Energy\",\"climate finance\",\"EBRD\",\"Egypt\",\"EnterpriseClimate\",\"Green Economy\",\"green finance\",\"Jordan\",\"Norway\",\"renewables\",\"UAE\"],\"articleSection\":[\"CLIMATE FINANCE\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2022\/12\/07\/jordan-lands-another-geff-financing-facility-to-push-forward-with-green-transition\/\",\"url\":\"https:\/\/enterpriseam.com\/climate\/2022\/12\/07\/jordan-lands-another-geff-financing-facility-to-push-forward-with-green-transition\/\",\"name\":\"Jordan lands another GEFF financing facility to push forward with green transition - 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