Bank al Etihad and FMO sign NASIRA portfolio guarantee

Dutch development bank FMO has signed a NASIRA loan portfolio guarantee facility with Bank al Etihad. The $30 million in JOD equivalent NASIRA facility supports COVID-19 affected SMEs, including female and young entrepreneurs in Jordan.

The NASIRA guarantee program is co-funded by the European Union as part of its Team Europe package, a targeted EU response to support partner countries’ efforts in tackling the coronavirus pandemic.