ICIEC and the Jordan Loan Guarantee Corporation “JLGC” signed an Agency Agreement on October 6, 2013.

The Agreement was signed by Dr. Abdel-Rahman Taha the Chief Executive Officer of ICIEC and by Dr. Mohamad Al-Jafari the Director General of JLGC.

This Agreement enables JLGC to market ICIEC Shariah compliant export credit insurance products to the exporters, banks and investors operating in Jordan.

Commenting on the Agreement, Dr. Taha, the CEO of ICIEC said “The signing of this Agreement with JLGC comes within the framework of consolidating the role of the Corporation as a strategic partner to the Export Credit Agencies of ICIEC member countries and the contribution in strengthening their capacity to increase the volume of national exports and attracting investments.

He added, “We are looking forward to activate the Agreement as soon as possible starting by training the involved staff and jointly marketing ICIEC’s products in Jordan”.

Dr. Al-Jafari, the Director General of JLGC said, “This Agreement will enable the corporation to expand its range of services provided directly to the Jordanians exporters, and for the first time it will allow the corporation to provide a Documentary Credit Insurance services for Letter of Credit issued by Jordanian banks in favor of foreign banks, which will help these banks to strengthen credit ceilings for Jordanian exporters and also enable them to export to the new markets”.
 

About JLGC

The JLGC was established in 1994 as a public shareholding company to enhance sustainable economic growth in Jordan through improving the credit environment available to the economically viable small and medium sized enterprises and national exports by providing them with credit and loan guarantees.