The strategy sets 7 goals: increasing investor interest, making the financial market more attractive to exporters, reorienting capital market institutions as private sector operations, making the securities sector more competitive, enhancing the capacity of the JSC, offering more attractive investment products, and developing communication programs with investors and exporters.
The memorandum of understanding enhances cooperation between the JSC and the EBRD, and under the agreement, the JSC will remain committed to complying with various applicable international capital markets standards.
Also, the JSC will make every effort to maintain the independence of certain capital market entities and ensure the continued smooth operation of the market, in line with international best practices.
The JSC and the EBRD will promote capital market reforms for the Jordanian government, including agreeing on project management issues, discussing proposed legal and regulatory reforms with Parliament, and submitting proposals for improving the tax law to relevant government bodies.
Jordan had adopted a comprehensive strategy and roadmap for capital market development in 2017, funded by the Government of Japan, with a main objective of promoting Jordan’s position as a business destination and investment attraction to create new jobs and achieve prosperity for Jordanians.
Source: Jordan News Agency