Amman, June 24 (Petra) -- The Jordan Loan Guarantee Corporation (JLGC) launched the "Guarantee for Employment" and "Green Finance Guarantee" programs, aimed at expanding access to finance for businesses, supporting job creation, and promoting sustainable investment.

The programs were unveiled during a ceremony held under the patronage of Central Bank of Jordan (CBJ) Governor Adel Sharkas and attended by German Ambassador to Jordan Bertram von Moltke, alongside representatives of financial institutions, the private sector, and local and international development partners.

The "Guarantee for Employment" program, funded by the German government through KfW Development Bank, seeks to help growth-oriented Jordanian companies secure financing to expand operations and increase employment, contributing to economic activity across productive sectors.

The "Green Finance Guarantee" program, financed by the CBJ with support from the German Agency for International Cooperation (GIZ), aims to promote green investments by facilitating financing for energy efficiency, renewable energy, and environmentally sustainable projects while reducing associated credit risks.

Sharkas said improving access to finance, particularly for small and medium-sized enterprises (SMEs), remains a key pillar of sustainable economic growth and job creation. He said the launch of the two programs marks an important step in strengthening Jordan's private-sector financing ecosystem through innovative guarantee tools that expand lending opportunities, support business growth, create jobs, and encourage investments aligned with the Kingdom's transition toward a green economy.

Sharkas added that sustainable and green finance has become a core component of financial sector development worldwide due to its role in enhancing long-term financial stability, improving resource efficiency, and mitigating environmental and climate-related risks. He said the Green Finance Guarantee program represents a significant step toward integrating sustainability principles into Jordan's national financing and guarantee frameworks.

For his part, von Moltke said the partnership would create opportunities, support businesses, and contribute to the long-term development of Jordan's economy. He said Germany had allocated €25 million to support the employment-focused loan guarantee program to help create formal and sustainable jobs by improving SMEs' access to financing.

The ambassador said around 230 companies are expected to benefit from the loan guarantees, noting that the figures represent existing businesses, families that depend on them, and opportunities for future growth.

JLGC Director General Adnan Naji described the launch as a new strategic milestone in the company's efforts to expand its developmental and economic impact and strengthen support for Jordanian businesses. He said the two programs reflect close cooperation between national institutions and international partners committed to supporting economic growth and employment.

He added that JLGC continues to develop financing and guarantee products aligned with Jordan's economic development priorities and aimed at improving the competitiveness of Jordanian companies and their access to finance.

The launch forms part of national efforts to advance the goals of the Economic Modernization Vision, strengthen private-sector competitiveness, support sustainable economic growth, and create additional employment opportunities for Jordanians.

//Petra// NQ