OPEC Fund boosts green finance and small business growth in Jordan with US$25 million loan to Capital Bank

October 27, 2025: The OPEC Fund for International Development (the OPEC Fund) is providing a US$25 million loan to Capital Bank of Jordan to strengthen access to finance for micro, small and medium-sized enterprises (MSMEs) and expand green lending. The financing forms part of a US$135 million package arranged by the European Bank for Reconstruction and Development (EBRD) and includes financing from the Arab Fund for Economic and Social Development, the Green for Growth Fund (GGF), the SANAD Fund for MSME, and the ILX Fund.

The 10-year financing facility will enhance Capital Bank’s capacity to provide long-term credit for MSMEs and climate-focused investments, including renewable energy and energy-efficiency projects. 

OPEC Fund President Abdulhamid Alkhalifa said: 

This financing deepens our partnership with Jordan and underscores our commitment to private-sector-led growth. Working with Capital Bank and our partners, we are expanding access to finance for small enterprises and green investments that drive jobs, innovation and sustainable development.

Tamer Ghazaleh, CEO of Capital Bank, said:

We are proud to partner with leading international development finance institutions. This agreement reinforces Capital Bank’s market leadership and ability to deliver sustainable growth. We remain committed to innovative financing solutions that help grow the green economy and enable small and medium-sized enterprises to achieve lasting success.

Jordan’s MSMEs represent nearly all registered businesses and provide most private sector jobs, yet many still struggle to secure the financing they need to grow. The OPEC Fund’s loan will expand the ability of financial institutions to offer affordable credit to entrepreneurs and contribute to Jordan’s transition to a more resilient, low-carbon economy.

The OPEC Fund has partnered with Jordan since 1976, committing over US$1 billion in public- and private-sector financing to advance inclusive growth, infrastructure development, and energy access.

About the OPEC Fund

The OPEC Fund for International Development (the OPEC Fund) is the only globally mandated development institution that provides financing from member countries to non-member countries exclusively. The organization works in cooperation with developing country partners and the international development community to stimulate economic growth and social progress in low- and middle-income countries around the world. The OPEC Fund was established in 1976 with a distinct purpose: to drive development, strengthen communities and empower people. Our work is people-centered, focusing on financing projects that meet essential needs, such as food, energy, infrastructure, employment (particularly relating to MSMEs), clean water and sanitation, healthcare and education. To date, the OPEC Fund has committed more than US$30 billion to development projects in over 125 countries with an estimated total project cost of more than US$200 billion. The OPEC Fund is rated AA+/Outlook Stable by Fitch and AA+, Outlook Stable by S&P. Our vision is a world where sustainable development is a reality for all.