JLGC & KODIT signed MOU for Mutual Cooperation
Jordan loan Guarantee corp.( JLGC) & Korea credit Guarantee fund (KODIT) signed a memorandum of understanding (MOU) at the Korean fund's headquarters in Daegu / Korea to promote cooperation in joint guarantee schemes.
JLGC Director General Dr. Mohammed Al Ja'fari & KODIT Chairman Mr. Hwang Rok signed the MOU on the 20 December, 2016 to improve credit guarantee programs as a part of the Korean's Ministry's initiative to share knowledge, development experience and solutions about guaranteeing the finances of small and medium-sized businesses with partner countries. The Korea credit Guarantee fund hopes its system can be adopted as a global standard.
JLGC Director General said :" with the MOU, KODIT will support JLGC to develop its guarantee scheme, as well as information and personal exchange".
KODIT Chairman said: " the agreement came as its Jordanian counterpart requested knowledge sharing of KODIT's guarantee scheme, which is widely acknowledged as a model case of credit guarantee scheme, the JLGC will see a huge leap in its guarantee scheme for small business in Jordan"
The MOU signing ceremony held during the KSP 3rd Mission to Korea during the period from 19-23 December, 2016. The Mission headed by H.E.Dr. Ja'fari - JLGC Director General and consisted of some delegates of JLGC BOD members and senior staff. KODIT held " KSP Interim Reporting Workshop " and arranged for the mission meetings with Bank of Korea (BOK), Industrial Bank of Korea (IBK), POSCO, and SMEs innovative visit.