«Arab Monetary Fund» praises the launch of the strategy of financial inclusion

A new study by the Central Bank of Jordan and the German Development Agency shows that more than a third of Jordanian adults (33 percent) have bank accounts, of which only 27 percent are women.

The Arab Monetary Fund (AMF), in cooperation with the Central Bank of Jordan, the German Development Agency and the Global Alliance for Financial Inclusion, praised the formation of the National Steering Committee for Financial Inclusion headed by the Central Bank of Jordan. The Bank and its partners covered the process of drafting the national strategy to enhance financial inclusion, targeting all segments of the society with special emphasis on youth, women, refugees and low income earners.

“The launch of the strategy is an important step in promoting sustained and inclusive economic growth, as it contributes to the economic and social growth of all segments of society by providing appropriate financial services to those who lack it,” he said. He pointed out «the importance of financial inclusion and its main role in achieving economic development and job creation and reducing economic and social disparities in line with the set of goals of sustainable development of the United Nations».

Last year, the Central Bank of Jordan announced its commitment to the Maya Declaration, which is to achieve national goals, including increasing the access of adults to financial services and narrowing the gender gap.

The Forum is an important point for participants and decision-makers to make a difference in enhancing financial coverage, especially as it discusses the Jordanian national strategy for financial inclusion and the most important plans that contribute to enhancing the financial coverage of women and forcibly displaced persons from their country. The forum will discuss the latest developments  related to financial inclusion in six key areas, including digital financial services, microfinance, SMEs, consumer financial protection, as well as culture, financial capabilities, data and research. The forum, attended by more than 300 participants, will provide an opportunity to exchange experiences and information with policymakers and decision makers in the public and private sectors and international bodies and organizations from around the world.