The Jordan Loan Guarantee Corporation (JLGC) officially launched the Guarantee for Employment and Green Finance Guarantee programmes during a formal ceremony attended by representatives of financial and banking institutions, the private sector, and local and international development partners.
The launch event was held under the patronage of the Governor of the Central Bank of Jordan, Dr. Adel Al-Sharkas, and in the presence of the Ambassador of the Federal Republic of Germany to Jordan, H.E. Bertram von Moltke.
The Guarantee for Employment programme is financed by the German Government through KfW Development Bank. It aims to enable high-growth Jordanian businesses to access the financing needed to expand their operations and increase their productive capacity, thereby creating new employment opportunities and stimulating economic activity across various productive sectors.
The Green Finance Guarantee programme, funded by the Central Bank of Jordan with support from the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), aims to promote green investments by enabling businesses to implement energy efficiency, renewable energy, and environmentally sustainable projects. The programme facilitates access to finance while mitigating the credit risks associated with green investments.
Dr. Al-Sharkas emphasized that improving access to finance for businesses, particularly small and medium-sized enterprises (SMEs), is a key pillar of sustainable economic growth and job creation.
He noted that the launch of the two programmes marks an important step toward strengthening Jordan's private sector financing ecosystem by introducing innovative guarantee instruments that expand financing opportunities for businesses, support their growth and expansion, generate employment, and encourage sustainable investments aligned with Jordan's transition toward a green economy.
He further stated that sustainable and green finance has become a global imperative rather than an optional approach in developing the financial sector, given its role in strengthening long-term financial stability, improving resource efficiency, and mitigating environmental and climate-related risks. In this context, the launch of the Green Finance Guarantee programme represents a significant milestone in integrating sustainability principles into Jordan's national financing and guarantee framework.
For his part, the German Ambassador stated, "Today, we are strengthening a partnership that creates opportunities, supports businesses, and contributes to the long-term development of Jordan's economy." He added that Germany has allocated EUR 25 million to support the Guarantee for Employment programme, reflecting its commitment to creating formal and sustainable jobs by improving SMEs' access to finance.
The Ambassador expected that approximately 230 companies would benefit from the loan guarantees, emphasizing that these figures represent more than statistics—they reflect existing businesses, families that depend on them, and promising opportunities for a better future.
JLGC's General Manager, Adnan Naji, described the launch of the two programmes as a new strategic milestone in the Corporation's journey toward expanding its developmental and economic impact while strengthening its role in supporting Jordanian businesses and facilitating their access to finance.
"We are proud today to launch two flagship programmes that represent the outcome of close cooperation between national institutions and international partners united by a shared vision of supporting Jordan's economy and promoting growth and employment," he said. "The Guarantee for Employment programme will enable growth-oriented companies to expand and create new jobs, while the Green Finance Guarantee programme will support sustainable investments and accelerate the transition toward a more efficient and sustainable economy."
He added that JLGC continues to develop its programmes and financial guarantee products in line with Jordan's economic development priorities, contributing to enhancing the competitiveness of Jordanian businesses and improving their access to finance.
Naji also stressed that these initiatives represent a successful model of cooperation between national institutions and international partners, particularly the German Government through KfW Development Bank, the Central Bank of Jordan, and GIZ, thereby strengthening the private sector's contribution to economic growth and sustainable development.
The ceremony also featured a detailed presentation on the objectives, operational mechanisms, and target beneficiaries of both programmes, in addition to highlighting their anticipated impact on the national economy through improved access to finance, increased productive and green investments, stronger support for SMEs, and greater employment opportunities.
The launch of the two programmes comes as part of Jordan's national efforts to achieve the objectives of the Economic Modernisation Vision, enhance private sector competitiveness, promote sustainable economic growth, and create more employment opportunities for Jordanians, ultimately contributing to comprehensive national development.
