A World Bank Delegation visits JLGC

A World Bank Delegation visits JLGC

Under a study conducted by the World Bank on the financing of small and medium size enterprises, a World Bank delegation visited the offices of the Jordan Loan Guarantee Corporation to examine the Jordanian loan guarantee experience, which is the only company of its kind operating in Jordan. JLGC’s primary objective is to facilitate the financing for small and medium enterprises, through banks and other financing institutions.

The aim of this study by the World Bank is finding the best ways to support these small and medium-sized projects, which are considered the main driver of economic development in all countries of the world. This study includes all countries in the Middle East and North Africa.

Facilitating the financing of SMEs through loan guarantee mechanisms is considered an integral part of the Financial aspect of the World Bank study. Other aspects include the legislation and the role of the government relating to the small and medium enterprises.