Under the patronage of His Excellency Dr. Adel Al-Sharkas, Governor of the Central Bank of Jordan, the Jordan Loan Guarantee Corporation (JLGC) and the Islamic International Arab Bank (AIIB) signed an agreement to launch the Retailers Guarantee Programme for Supply Chain Support, aimed at enhancing the ability of retail businesses, particularly micro and small enterprises, to access the financing required to meet their operational needs and working capital requirements.
The agreement was signed by Mr. Adnan Naji, Director General of the Jordan Loan Guarantee Corporation, and Mr. Iyad Al-Asali, General Manager of the Islamic International Arab Bank, in the presence of His Excellency Dr. Adel Al-Sharkas.
Dr. Adel Al-Sharkas, Governor of the Central Bank of Jordan, affirmed that the Central Bank continues to support initiatives and programmes that promote financial inclusion and expand access to finance for micro and small enterprises, in line with national economic development priorities. He noted that loan guarantee programmes represent an important instrument for mitigating lending risks for banks and strengthening their capacity to extend more credit facilities to productive sectors, thereby supporting the sustainability of supply chains, stimulating economic growth, and creating employment opportunities.
The programme is launched as part of ongoing efforts to promote financial inclusion and empower the retail sector, which constitutes a vital link in local supply chains, by guaranteeing financing facilities extended to retailers, enabling them to secure inventory and enhance the sustainability of their businesses.
Mr. Adnan Naji stated that the agreement reflects JLGC's commitment to developing guarantee programmes that address the needs of various economic sectors and expand financing opportunities for micro and small enterprises, thereby supporting their growth and long-term sustainability.
For his part, Mr. Iyad Al-Asali highlighted the importance of cooperation with the Jordan Loan Guarantee Corporation in providing financing solutions that support retailers and enable them to meet their operational requirements, contributing to enhanced economic activity and greater supply chain stability.
This agreement comes within the framework of the two parties' efforts to strengthen cooperation between the banking sector and the Jordan Loan Guarantee Corporation, expand the number of beneficiaries from guarantee programmes, stimulate economic activity, and enhance the capacity of enterprises to grow and sustain their operations, ultimately contributing positively to the national economy.
