Salt, Aug. 30 (Petra) — A World Bank delegation reviewed Al-Balqa
Applied University’s implementation of a Financial Simulation Model
for Jordan’s public universities, developed under a joint project
between the university and the World Bank.

University President Ahmad Ajlouni noted in a statement Sunday that
financial and strategic planning is central to institutional
development, adding that data-driven decision-making and clear
performance indicators can improve resource management and help
universities respond to future challenges.

He explained that the model allows university administrators to
assess the potential impact of different policies and alternatives
before making decisions, supporting resource allocation based on
academic and institutional priorities.

The World Bank delegation reviewed the university’s model, including
its data, forecasts, indicators, and dashboards, as well as its
capacity to test different future scenarios and assess their
potential impact on the university’s performance and financial
position. The model also tracks indicators related to efficiency,
sustainability, and financial risks.

The delegation highlighted the importance of building on the work
completed under the project and further integrating the model into
the university’s planning and decision-making processes.

//Petra// AO