Amman, Feb. 1 (Petra) – The Jordan Loan Guarantee Corporation (JLGC) launched its electronic linkage platform with participating entities in its guarantee programs, as part of the fourth phase of its digital transformation project initiated in 2021. The platform was introduced in collaboration with the German Agency for International Cooperation (GIZ).

The new loan guarantee and export credit guarantee platforms aim to enable financial institutions involved in the JLGC’s guarantee programs to conduct digital transactions seamlessly, facilitating faster and more efficient services. This digital transformation is expected to positively impact Jordan’s business environment.

Adnan Naji, JLGC General Manager, emphasized the importance of the partnership with GIZ, which provided support and funding for the development of the platforms, alongside local companies that built and are now operating them.

Naji highlighted that the digital transformation project marks a significant shift in the JLGC’s operations, allowing for greater digital interaction with stakeholders and aligning with Jordan’s economic modernization vision and the National Financial Inclusion Strategy endorsed by the Central Bank of Jordan. He noted that the platforms’ launch is the culmination of joint efforts by all parties involved.

Ulrich Hans, Manager of the Financial Inclusion Project for SMEs in Jordan (I-FIN), praised the milestone, emphasizing its contribution to enhancing efficiency and transparency in Jordan’s credit guarantee sector. He also noted that digital transformation is essential for easier access to financing and supporting small and medium-sized enterprises (SMEs) and exporters, contributing to national economic growth and furthering the goals of economic modernization.

The JLGC plans to continue leveraging digital technology to enhance its programs, expand services, and improve operational processes through electronic integration with key partners, while continuously improving and assessing the impact of the platforms to meet the strategic objectives of the digital transformation project.

The JLGC looks forward to further strategic collaboration with GIZ to adopt best international practices in loan guarantees and export credit guarantees, as well as to foster an environment conducive to the development and innovation of financial technologies and digital solutions.

Petra// AF
01/02/2025 21:23:14