|10 September, 2019

EBRD boosts capital market development in Jordan

Sector strategy seeks to strengthen efforts to build economic growth and create jobs

EBRD boosts capital market development in Jordan
  • EBRD and Jordan present the Capital Market Development Strategy and Roadmap
  • Goals: access to finance, job creation and long-term investment
  • 121 measures to be implemented by 2021

The EBRD and Jordan Securities Commission presented the Capital Market Development Strategy and Roadmap, which aims to create a capital market capable of supporting the country’s economic development through better provision of finance for the private sector.

The strategy was presented in Amman today under the patronage of Deputy Prime Minister, Rajai Mouashar. It includes a sequence of 121 action items, spread over five overarching themes, all aimed at addressing key challenges for the country’s development. These include improving opportunities for the private sector to raise finance and providing more investment opportunities for the public, as well as improving the resilience of Jordan’s financial system.

The Strategy and Roadmap aims to increase the capital market’s effectiveness, support Jordan’s efforts to build economic growth, create jobs and raise the standard of living for its residents. It is rooted in the broader “Jordan 2025: A National Vision and Strategy”, which specifies over 400 policies and procedures for the general economy that should be implemented through a participatory approach between the government, private sector and civil society.

The event was attended by ministers, investment professionals and senior representatives from across the private sector. Participants provided input on the developments and achievements of the Capital Markets Development Strategy and Roadmap over the last 18 months, identified key issues and explored potential solutions covering legal and regulatory reforms, tax policy, and stock exchange and depository operations, as well as innovative new products.

The EBRD has invested over €1.3 billion through 44 projects in Jordan since it began operations in the country in 2011. Facilitating non-sovereign financing and promoting direct and indirect financing of private enterprises such as SMEs are key priorities for the Bank’s work in Jordan.

Contact: Nibal Zgheib
Tel: +44 20 7338 7753
Email:ZgheibN@ebrd.com 

© Press Release 2019

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.

More From Press Releases