Tuesday, 21 September 2021 08:29 GMT

Jordan advances in pan-Arab economic rankings-Dhaman


(MENAFN- Jordan News Agency) Amman, Sept. 11 (Petra) - Jordan occupied an "advanced" ranking at the pan-Arab level in sovereign credit ratings and indicators for measuring political, economic and financial risks, as the kingdom followed Gulf Cooperation Council (GCC) countries and Morocco, according to the Arab Investment and Export Credit Guarantee Corporation (Dhaman).
The 1st QTR 2021 Investment Climate Report, recently published by Dhaman, and a copy of which was obtained by Petra, said Jordan's progress at the pan-Arab level came after making "advanced" rankings in indicators to obtain financial credit.
Jordan garnered 134 points on the tax collection indicator, and 34 points for reforms made on the business environment, the report added.
Jordan has made three important reforms in the business environment and improvements related to financial facilities, as well as endorsement of a new insolvency law, the report noted.
Jordan's reforms in the facilities area and endorsement of a new insolvency law offered credit through introduction of a new secured transactions law, in addition to launching a unified and modern collateral registry aimed to provide creditors an "absolute" priority, and improving access to credit information for banks, financial institutions and the borrowers, according to the report.
The report, however, called on Jordan to make some additional reforms in issuing construction permits.
The report reviews changes on the most important indicators on investment and business performance environment in the Arab region, based on vision and evaluations of international investment and consulting institutions worldwide, according to Dhaman website.
The report, which tracks political, economic and institutional conditions in the region's countries, aims to enhance reflection of investment climate in a "more accurate, objective and up-to-date" manner, the website adds.

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