Amman, Aug. 5 (Petra) — The Jordan Loan Guarantee Corporation (JLGC)
and the Islamic International Arab Bank (IIAB) signed an agreement on
Wednesday to launch the “Retail Guarantee” program aimed at
supporting supply chains and improving access to financing for micro
and small retail enterprises to cover operational needs and working
capital.

The agreement was signed by JLGC Director General Adnan Naji and IIAB
General Manager Iyad Asali.

Speaking at the signing ceremony, Central Bank of Jordan (CBJ)
Governor Adel Sharkas stated that the central bank continues to
support initiatives that advance financial inclusion and broaden
access to finance for micro and small businesses in line with
national economic priorities.

Sharkas noted that loan guarantee schemes serve as vital tools to
mitigate credit risk for banks, encouraging them to extend funding to
productive sectors, stabilize supply chains, stimulate growth, and
create employment opportunities.

The new program aims to empower the retail sector a core link in
domestic supply chains by guaranteeing credit facilities that help
merchants secure inventory and maintain business continuity.

Naji emphasized JLGC’s commitment to developing tailored guarantee
programs that address the financing needs of diverse economic sectors
and support small business sustainability.

For his part, Asali highlighted the importance of partnering with
JLGC to provide practical financing solutions for retailers, thereby
driving economic activity and enhancing supply chain stability.

The partnership comes as part of ongoing efforts between the banking
sector and JLGC to broaden the beneficiary base of guarantee programs
and bolster local economic development.

//Petra// AF