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Central bank announces national strategy for financial inclusion

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Central Bank of Jordan (CBJ) Governor Ziad Fariz on Tuesday announced the Kingdom’s 2018-2020 national strategy for financial inclusion.

The strategy entails financial awareness efforts, protection of financial service recipients, supporting small- and medium-sized projects, micro-finance services and online payments, the Jordan News Agency, Petra, reported. 

Speaking at a forum to discuss ways to improve women’s financial inclusion in the Arab world, Fariz, who inaugurated the event on behalf of Her Majesty Queen Rania, stressed the commitment of the government and the CBJ to empowering women with access to financial services at affordable costs.

Banks, micro-finance companies and e-payment providers in Jordan pay special attention to Jordanian women’s needs, he said, so as to contribute to achieving financial inclusion for women in an untraditional way that saves them costs when opening and administrating traditional accounts.

Maher Sheikh Hassan, CBJ deputy governor, said the financial inclusion plan enables individuals and the business sector to access financial services and products in an appropriate way that meets their needs and helps them improve their living conditions.

For more on this story visit the following link: Central bank announces national strategy for financial inclusion

Source: The Jordan Times

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