PM inaugurates Financial Inclusion Policy Forum

AMMAN — Deputising for His Majesty King Abdullah, Prime Minister Hani Mulki on Monday inaugurated the Financial Inclusion Policy Forum in Jordan organised by the Central Bank, in cooperation with the Arab Monetary Fund, the German Development Agency and the Global Alliance for Financial Inclusion, the Jordan News Agency, Petra, reported.

Financial inclusion is the provision of providing financial services (savings accounts, current accounts, insurance, finance and credit, etc.) to different segments of society, whether institutions or individuals, and to enable these groups to make the best of these services as it is considered one of the most important pillars of social stability and incentives for economic growth and employment.

Central Bank of Jordan Governor Ziad Fariz said the launch of the financial inclusion strategy represents the “high level” of commitment of state institutions and the government to create a legislative and technical environment that enables individuals and institutions to save, invest and obtain the necessary loans according to the size of the establishment.

The strategy provides the use of safe remittance and other financial services through official channels, which will positively impact on income levels and improve standard of living of citizens.