Refugees and Asylum 31100

The European Investment Bank (EIB) this week announced that it had successfully arranged a EUR 15 million risk capital facility to further develop the financial sector in Jordan. The facility will also support Jordan's efforts to develop its information technology industry.

This is the first EIB facility with an Information Technology focus in the Mediterranean region and reflects Jordan's early move towards the new economy. The funds are being made available under the new Euro-Med Partnership mandate entrusted to the EIB.

Their purpose is to build up the equity of private companies and investment funds, with a special emphasis on Information Technology. Under the Euro-Med Partnership arrangements, the EIB is committed to lend EUR 6,425 million between 2000 and 2006 for investment projects in 12 non EU-Member Mediterranean countries.

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