Gov’t borrowed JD5.5b, repaid JD4.1b in 2022 — Central Bank

CBJ
(File photo: Ameer Khalifeh/Jordan News)
AMMAN — Last year, the total issue of government securities and government-guaranteed securities, including bonds, treasury bills, and Islamic bonds, was valued at JD5.5 billion, while the government paid off JD4.1 billion worth of securities, according to Central Bank of Jordan (CBJ) Governor Adel Sharkas.اضافة اعلان

Last year, Sharkas said, the bank issued securities guaranteed by the government in accordance with the needs of public institutions, and continued to provide the necessary financing for the budget deficit by managing the issuance and amortization of various securities, Al-Saa News reported.

The nominal value of government bonds issued in dinars and traded through the portfolio of the Central Bank of Jordan amounted to about JD325.5 million in 2022, he said, while the securities on the bank’s balance sheet at the end of last year amounted to JD293.9 million.

Financing initiativesSharkas indicated that the ceiling of advances granted to the Agricultural Credit Corporation was raised last year by JD15 million to become JD115 million. Meanwhile, loans granted to the corporation in 2022 were valued at JD31.2 million.

The CBJ continued to provide financing within the national program for self-employment, “Inhad”, benefiting 48 projects with financing valued at JD2.037 million in 2022.

Previously, the bank, as the issuance manager for the National Electricity Company's Islamic bonds, also announced the issuance of the fourth tranche of the fifth issuance, at a value of JD75 million.


Read more Business
Jordan News