AMMAN — The Central Bank of Jordan (CBJ) has issued the first Financial Inclusion Report (2018 – 2020) that "demonstrates the continuous efforts of CBJ and its partners towards promoting financial inclusion in the Kingdome during the period (2018 – 2020)," according to a CBJ statement.

 

The document comes at the conclusion of the National Financial Inclusion Strategy (NFIS) 2018-2020.  The report sheds light on the NFIS's goals achieved based on the a set of pillars: small and medium-sized enterprise (SME) finance, microfinance, and digital financial services, along with cross-cutting enablers: laws, regulations, and instructions, financial consumer protection, financial capabilities and data and research.

 

"During 2018-2020, CBJ and its partners worked collaboratively to develop an inclusive financial ecosystem, and created an enabling legislative environment wherein individuals and businesses have convenient access to and use affordable and suitable financial products and services that meet their needs, and help them improve their lives in a responsible and sustainable way," the statement said.

 

The report underlines the main financial inclusion initiatives and projects carried out by CBJ and its partners during, in addition to the most prominent set of precautionary procedures and measures taken by CBJ aiming to contain the negative repercussions of the COVID-19 crisis on the local economy.

 

Furthermore, the report includes the Financial Inclusion Action Plan (FIAP) for 2021 in Jordan.