Tag: Central Bank of Jordan

national drive

Jordan Targets Small Business Growth

A national drive to boost support for Jordan’s SMEs is gaining pace, spearheaded by increased access to finance and plans to garner a more business-friendly operating environment. In June the World Bank and the Central Bank of Jordan (CBJ) announced…

Helping Fintech Flourish

The Central Bank of Jordan says it’s fast laying the groundwork for the creation of a cashless economy. By Dina al-Wakeel The Central Bank of Jordan  has issued several regulations in recent years to catch up with the ever-changing payment…

Arab Bank CEO Nemeh Sabbagh

Central Bank Announces Development Funds to Kick-Start Economy

The Central Bank of Jordan plans to set up a series of multi-million dinar development funds designed to stimulate the economy. “The Central Bank has worked on a number of finance initiatives through funds to help out startups, small businesses,”…

Providing SMEs with finance

Facilitating Finance

Jordan is intensifying efforts to provide support for startups and SMEs by easing access to financing. Despite some continued obstacles to obtaining conventional bank finance, rising public and private investment in tech companies is contributing to a growing optimistic outlook…

Minister of Finance Omar Malhas at the Euromoney Conference

Jordan to Begin Talks With IMF on $700-$800 Million EFF

Jordan is expected to begin talks with the IMF this month to try to secure an Extended Fund Facility (EFF) with the international lender worth between $700 and $800 million. The talks come after Jordan successfully completed a three-year, $2…

MadfooatCom: Paying the digital bills

Having set about transforming the way Jordanians pay their bills via its e-Fawateer platform, online payment company MadfooatCom now has its sights set on regional expansion. By Rebecca Irvine When Nasser Saleh returned to Jordan after several years of working…

Time to Build

Jordan has signed multimillion dollar funding deals for a wide array of new infrastructure projects. But not everyone is happy about who gets to build them. Jordan has inked more than $600 million worth of funding agreements in recent months,…

The Rush for Renewable Energy

Following the severe disruption of energy supplies in the wake of the Arab Spring, plans are underway for Jordan to reach energy independence with the help of cutting-edge renewable power projects. By Elisa Oddone A heavy reliance on imported energy…

A Necessary Loan

As Jordan’s $2 billion dollar stand-by arrangement with the world’s lender of last resort comes to an end, the International Monetary Fund’s mission chief for Jordan Kristina Kostial said the Kingdom has by and large stuck to its promise of…

investment

Wasted Youth

Jordan’s economy might be improving, but youth unemployment remains a pressing challenge. By Khalid W. Wazani Every six months, the World Bank publishes the Jordan Economic Monitor. The wide-ranging report provides a snapshot of how the Kingdom’s economy is performing…