Gov’t acquaints banking sector with economic recovery priorities

AMMAN — The government on Wednesday presented its priorities for economic recovery between 2021 and 2023 to members of the banking sector and Association of Banks in Jordan (ABJ). 

Speaking during the meeting, which was held at the ABJ headquarters, Minister of Planning and International Cooperation and Chairman of the Economic Development Committee Nasser Shraideh said that Jordan's banking sector contributed "significantly" to achieving monetary stability.

Shraideh said that the government is relying on the banking sector during the next phase to finance growth and development.

He added that the sector helps enable the government to achieve its economic development goals, the Jordan News Agency, Petra, reported. 

The minister noted that these meetings reflect His Majesty King Abdullah’s directives to adopt the principle of partnership with the private sector to overcome economic challenges.

His Majesty had directed the government to develop a "clear" action plan in partnership with the private sector to achieve Jordan's economic recovery, according to Petra.

Shraideh said that the government seeks to identify the most important reforms and policies to stimulate growth and create job opportunities in partnership with the private sector.

The minister also said that a periodic review of the government's priorities will be conducted, pointing out that each priority will have an action plan linked to a specific timetable for implementation and funding.

Governor of the Central Bank of Jordan Ziad Fariz said that the government’s meeting with ABJ members is proof of confidence in this sector and the important role of the banking system in the development process.

ABJ Chairman Bassem Salem praised the government’s continuous engagement with the private sector in general and the banking sector, in particular, in a bid to enhance partnership in decision-making.