VOL. XLIV

No. 03

15-January-2001

JORDAN

EIB Approves 13Mn Euro Loan To Cairo-Amman Bank For SMEs

The European Investment Bank (EIB) on 27 December approved a 13mn euro ($12.33mn) loan for the 'Amman-based Cairo 'Amman Bank (CAB) to finance long-term investments undertaken by small and medium-sized enterprises (SMEs) in the Palestinian economy. According to the EIB press release, the facility comprises a 10mn euro ($9.41mn) loan in the form of long-term credits and 3mn euro ($2.82mn) in the form...