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LOANS & CREDITS June 23, 2017

Jordan - Innovative Startups Fund Project

WASHINGTON, June 23, 2017 - The World Bank’s Board of Executive Directors today approved the following project:

Jordan - Innovative Startups Fund Project

IBRD Loan: US$50 million

Loan maturity: 35 years, Grace period: 4.5 years

Project ID: P161905

Project Description: The project will promote entrepreneurship and contribute to job creation by increasing private early stage equity finance for innovative small and medium enterprises (SMEs). The project will set up a private sector-managed fund called the “Innovative Startups and SMEs Fund” (ISSF) which will make investments in innovative startups and early stage SMEs leveraging private sector funds.


Contacts

William Stebbins
(202) 458-7883
wstebbins@worldbank.org
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