“The Guarantee and Financing of Exports and Investments in Jordan” Forum

“The Guarantee and Financing of Exports and Investments in Jordan” Forum

Under the patronage of H.E. the Minister of Industry and Trade, and in cooperation with the Arab Investment and Export Credit Guarantee Corporation (DHAMAN), the Islamic Corporation for the Insurance of Investments and Export Credit (ICIEC), and the Jordan Enterprise Development Corporation (JEDCO), the Jordan Loan Guarantee Corporation organized on Sunday, 31 May 2009 a forum titled “the Guarantee and Financing of exports and investment in Jordan”. This Forum was in the context of strengthening existing relations between (JLGC) and both (DHAMAN)& (ICIEC), which include reinsurance, joint marketing and commercial information exchange and debt collection and management training.

During the forum, exporters, investors and Jordanian banks were introduced to the Export Credit Guarantee Mechanisms and to Investment Insurance and ways to take advantage of services offered by the organizers of the forum. Mechanisms of joint cooperation between (JLGC) on the one hand, and (DHAMAN) & (ICIEC) were explained, which play an important role in supporting the National Arab and Islamic Guarantee Organizations.

This forum aimed to maximize the benefit of the Hashemite Kingdom of Jordan, from the guarantee protection services offered to exporters, investors and financiers in Jordan, which would have a positive effect in increasing Jordan's exports and strengthening its position in the Arab and international markets, and maximizing the role of Jordanian banks in providing the necessary funding in the context of guarantee coverage to keep pace with the evolution and expansion of Jordan's exports.

It is worth mentioning that Jordan is a member of the Arab and Islamic Corporations; (DHAMAN) & (ICIEC), who are both strong and credible financial institutions. The Arab Foundation for the Insurance of Investment and Export Credit (DHAMAN) was rated AA-(stable) by Standard & Poor's, and the Islamic Corporation for the Insurance of Investments and Export Credit (ICIEC) obtained a (Aa 3) degree classification by Moody’s.