PM urges measures to enhance public funds' performance


18-04-2017 09:10 AM

Ammon News - AMMONNEWS - Prime Minister Hani Mulki Tuesday urged that measures be taken to follow up on the functions and strategies of public financial funds operating in the Kingdom for the short- and long-terms and proposed measures to upgrade their performance.

Regarding the short-term procedures, the premier announced the formation of a ministerial team, led by the minister of planning and international cooperation and comprising the ministers of labour, municipal affairs, industry and trade, finance and agriculture as well as the Central Bank of Jordan governor.

The task force, which meets at least once every three months, will oversee the funds' annual plans and financing strategies to ensure complementarity among them.

Mulki also asked undersecretaries of the ministries involved as well as the undersecretary of the ministry of public sector development and the directors of the funds to compile a report within two months on the nature of the activities of these funds and set up a data base open to all the financial entities to avoid duplicity of service, improve their performance and expand their activities.

He also directed that the financing windows be incorporated into the online Opportunity Initiative, which was launched by the King Abdullah II Fund for Development in cooperation with the Ministry of Planning and International Cooperation and the Ministry of Labour, and set up a new window for these funds in areas where they have no branches to help local communities access to their financial and technical services.

For the long-term strategy, Mulki called for seeking expertise from the World Bank to study and assess the institutional administrative, financial and technical performance of the public financing funds, and come up with specific recommendations to tackle challenges posed to each fund with a focus on financial sustainability.




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