AMMAN
—
Jordan's Central Bank Governor, Adel Sharkas, stated that the Jordanian
economy is progressing towards recovery.
اضافة اعلان
Speaking
at the "Jordanian Banking Summit 2023", hosted by the Association of
Banks in Jordan and attended by banking leaders in the country, Sharkas
highlighted the ongoing economic reforms at various levels that have enabled
the Jordanian economy to demonstrate high efficiency and flexibility in meeting
local and regional challenges.
Sharkas
praised the strength of the
Jordanian banking system and its active role in the
national economy, operating according to the highest levels of governance and
sound management.
This,
he said, has made its performance effective and positively high in the national
economy.
Summit sessionsThe
summit, which aimed to facilitate dialogue and strengthen relationships between
banks and banking leaders, was organized by the Association of Banks in Jordan.
During the summit, the first session discussed the economic prospects of the
Middle East and North Africa region, presented by international economic expert
and resident representative of the International Monetary Fund in Jordan,
Kareem Ismail.
Ismail
explained that Jordan has a
moderate margin for borrowing from international
markets, with a high ability to access international financial markets and
foreign financing sources with interest rates lower than many countries in the
region. He also noted the high coverage rates, reflecting the investors'
confidence in the stability of the Jordanian economy in the medium and long
term, especially with a clear vision for the path of the Jordanian economy for
the next ten years.
The
second session addressed the main trends affecting regional and global banking
systems, and the prospects of the Jordanian banking sector, discussed by the
vice president and senior analyst of the Moody's Investors Service, Christos
Theofilou.
The
third session included a presentation on the economic model by Nidal Al-Azam,
the executive director of Research at the
Central Bank of Jordan. Al-Azam
discussed the most important local and global economic and monetary indicators
and their expected prospects in 2023 and 2024, including economic growth rates,
inflation rates, and global and local interest rate trends.
The
summit concluded with a speech by Sharkas, in which he discussed the most important
local, financial, and monetary indicators, and the monetary policy and banking
sector trends in Jordan in 2023.
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