EBRD, EU and GCF boost access to green finance for micro and small businesses in Jordan
Jordan, April 7 -- The European Bank for Reconstruction and Development (EBRD) and Jordan's Microfund for Women (MFW) have signed a US$ 4 million Green Economy Financing Facility (GEFF), including US$ 1 million of co-financing from the Green Climate Fund (GCF).The new facility to MFW is under the GCF-GEFF regional framework in Jordan, supporting the expansion of green lending to micro, small and medium-sized enterprises (MSMEs). These funds will help startups expand their businesses and promote their products and services on a larger scale within their communities.Jordan's financial institutions offer limited provision of green financing and technical assistance on investments targeting climate change mitigation and adaptation. The new fund...
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