Visits to “Kafalat” Guarantee Company in Beirut & Oseo and Socama Companies in Paris

Visits to “Kafalat” Guarantee Company in Beirut & Oseo and Socama Companies in Paris

Arranged by the European Union and the Jordan Enterprise Development Corporation JEDCO, a delegation from the Jordan Loan Guarantee Corporation, headed by the Director General Dr. Jamal Salah visited the Lebanese Loan guarantee company “Kafalat” in Beirut on 22 and 23/2/2010, and two other loan guarantee companies in France, Socama and Oseo during the period 24-26/2/2010.

The JLGC delegation was briefed on the mechanisms used by these companies in the process of granting loan guarantees, and the approach of delegation of authority to participating banks for certain loan purposes and within set ceilings.

These visits came in preparation to launch the loan guarantee scheme within the Services Sector Modernization Programme to be managed under the JLGC umbrella and under the supervision of Jordan Enterprise Development Corporation JEDCO, within the grant from the European Union for The Service Sector Modernization Program in Jordan