Cabinet approves Central Bank of Jordan support programmes for SMEs

Move is aimed to alleviate the burdens of the most affected sectors and SMEs

  
A general view of the Central Bank of Jordan in downtown Amman, October 12, 2011.

A general view of the Central Bank of Jordan in downtown Amman, October 12, 2011.

REUTERS/Muhammad Hamed

AMMAN — The Cabinet on Sunday approved support for the Central Bank of Jordan’s programmes that provide liquidity and financing for small- and medium-sized enterprises’ (SMEs) existing projects amid the coronavirus pandemic.

The move is aimed to alleviate the burdens of the most affected sectors and SMEs, with the government deciding to bear some of the loan interests on behalf of beneficiaries, according to the Jordan News Agency, Petra.

The Council of Ministers also approved the recommendations of the settlement and conciliation committee related to settling pending cases between 894 companies and taxpayers and the Income and Sales Tax Department.

The Cabinet also directed ministries and public institutions to allow remote work for mothers with child care responsibilities, notably those who have children in kindergarten and the first three grades, until further notice.

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