World Travel Marketing and JLGC sign Service Credit Insurance agreement

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06/02/2019

The World Travel Marketing Company and Jordan Loan Guarantee Corp. (JLGC) signed an export credit guarantee agreement for foreign markets, the first of its kind covering services export. The advance of the Central Bank enabled JLGC to provide the credit guarantee for services sector in addition to the industrial sectors against the risk of non-payment of foreign importers.

Mr. Munther Jwainat, CEO of World Travel Marketing Company, the owner and operator of “ theglobalbooking.com” , stated that the company is the first and only Arab and regional company specialized in providing hotel booking services according to the latest technology uses in this field. Where the company applies the highest standards of efficiency and security in the provision of hotel booking services, especially in terms of speed of service and coverage. The cost of booking and payment methods available on the company's website for the use of companies and individuals worldwide.

On his part, Dr. Mohammed Al Ja’fari, Director General of Jordan Loan Guarantee Corp. (JLGC) expressed his gratitude for the World Travel Marketing Company for signing the first Export Credit Guarantee policy covering the services sector. He pointed out that the Export Credit Guarantee Program protects the Jordanian exporter against the risks of non-payment of the exported goods or services through the open account between exporter and importer.

JLGC hopes that this agreement will be the beginning of subsequent agreements with companies similar to the World Travel Marketing Company, for the importance of insuring export credit in developing business in traditional markets and enabling Jordanian companies to access new ones.