It will also allow UAE-based businesses to expand internationally by providing them with ECI's comprehensive portfolio of financial solutions along with its expertise in commercial underwriting, risk management, country assessment, claims and recovery, and JLGC's tailored surety schemes, namely loan guarantee and export and domestic credit guarantee.
The MoU was signed by Massimo Falcioni, CEO of ECI and Dr Mohammed Al Ja'fari, director general of JLGC in the presence of senior representatives from both organisations.
will be guaranteeing 70% of the value of all loans the banks hand out under the programme.
The framework will offer an optional loan guarantee scheme, including a first loss tranche, provided by the EBRD and a second loss guarantee provided by a local guarantee institution, Jordan Loan Guarantee Corporation (JLGC
signs.org IRS--INTERNAL REVENUE SERVICE, Booth #243; 916-636-7705 ITT INDUSTRIES NIGHT VISION, Booth #927; 540-362-8000; http://www.nightvision.com IXP CORPORATION, Booth #818; 303-652-3341; http://www.ixpcorp.com JAPAN LOCAL GOVERNMENT CENTER (JLGC
), Booth #823; 212-246-5542 JCM CONSULTING INC., Booth #340; 801-322-3700 JOINT TASK FORCE CIVIL SUPPORT, Booth #343; 757-788-6631; http://www.
Bank Al Etihad will be eligible to benefit from the loan guarantee scheme comprised of (i) a first loss cover provided by the EBRD and (ii) a second loss cover provided by the Jordan Loan Guarantee Corporation (JLGC
), provided it meets the necessary portfolio criteria.
JAPAN LOCAL GOVERNMENT CENTER (JLGC
), Booth # 313; 666 Fifth Avenue, Suite 201, New York, NY 10103; www.jlgc.org; 212-246-5542
This component aims at developing the JLGC SME loan guarantee products, and designing new ones that are tailored to SMEs, which are based on proper risk analysis, addressing moral hazard and adverse selection, with the objective of enhancing JLGC operations development and sustainability.
It also aims at enhancing JLGC s internal capabilities to execute the transformation agenda.
Japan Local Government Center (JLGC
); 222; 666 Fifth Avenue, Suite 201; New York, NY 10103; 212-246-5542; www.jlgc.org
The two key agencies of the World Bank Group - the International Bank for Reconstruction and Development (IBRD) and the International Finance Corporation (IFC) - will support the Jordan Loan Guarantee Corporation (JLGC) as it scales up its lending operations.
This partnership will enable JLGC to enhance its loan guarantee program to help more creditworthy firms get the financing they need to grow their business and contribute to the economic welfare of our country, said Mohammed Al Ja'fari, Director General of JLGC.