Amman, June 30 (Petra) — The Jordan Loan Guarantee Corporation
(JLGC) and the Cities and Villages Development Bank (CVDB) on Tuesday
signed a memorandum of understanding (MoU) to strengthen cooperation
in development financing and expand access to loan guarantee
programs, supporting projects with economic, social and environmental
impact while advancing sustainable development efforts in the
Kingdom.

According to a JLGC statement, the MoU aims to strengthen cooperation
in financing small and medium-sized enterprises (SMEs), expand the
use of loan guarantee instruments, and explore the launch of joint
financing and guarantee programs. It also provides for the exchange
of expertise and the implementation of specialized training programs
and workshops to improve access to financing for promising projects,
enhance service efficiency, and support women-led enterprises,
innovative ventures, and environmentally sustainable projects.

JLGC Director General Adnan Naji said the MoU reflects the
corporation’s commitment to expanding its strategic partnerships with
national institutions to improve SMEs’ access to the financing needed
to implement their expansion plans.

He said JLGC continues to develop its guarantee programs in line with
the Kingdom’s economic and development priorities, supporting
entrepreneurship, stimulating investment, and creating job
opportunities. He added that cooperation with the bank marks an
important step toward strengthening financial inclusion and
supporting projects with economic, social and environmental impact in
line with the Economic Modernization Vision and the Sustainable
Development Goals.

Naji said the partnership will maximize the benefits targeted
projects receive from loan guarantee programs, contributing to
economic growth, job creation, and sustainable development.

For his part, CVDB Director General Waseem Haddad said the memorandum
represents a strategic step toward strengthening national
partnerships with development-focused financial institutions, helping
expand development financing and deliver more effective financing
solutions for priority projects.

He said the bank remains committed to supporting local development
initiatives, municipalities, and productive enterprises through
effective partnerships that stimulate investment and promote economic
activity across the Kingdom’s governorates.

Haddad added that cooperation with the JLGC will provide an
additional guarantee mechanism that enhances SMEs’ ability to access
financing while reducing the challenges they face in obtaining credit
facilities.

//Petra// AJ