Jordan advances across pan-Arab economic rankings

pan-arab ranking
Jordan ranks positively in indicators for measuring political, economic, and financial risks. (Photo: Unsplash)
AMMAN —  Jordan earned an advanced ranking across the pan-Arab level in sovereign credit ratings, according to the Arab Investment and Export Credit Guarantee Corporation (Dhaman), the Jordan News Agency, Petra, reported on Saturday.اضافة اعلان

The Kingdom also ranked positively in indicators for measuring political, economic, and financial risks, following the GCC and Morocco, Dhaman said.
The first quarter of the 2021 Investment Climate Report, published by Dhaman, stated that Jordan's progress at the pan-Arab level came post achieving "advanced" rankings in indicators to obtain financial credit, according to Petra.

The report stated that Jordan garnered 134 points on the tax collection indicator and 34 points on business environment reforms.

The report named improvements to financial facilities, reforms to the business environment across the country, and the endorsement of a new insolvency law were named as three crucial steps taken by Jordan.

Improvement in the facilities area and the endorsement of the insolvency law allowed for credit to be offered by introducing a new secure transaction law. The reforms also include launching a modern and unified collateral registry that provides creditors priority while also improving the accessibility of credit information to financial institutions, according to the report.

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