Ammon News - The Jordan Chamber of Commerce (JCC) on Saturday welcomed a Central Bank of Jordan's (CBJ) move to increase the cap of a credit program earmarked to support small and medium enterprises (SMEs) to withstand the ramifications of the Covid-19 pandemic.

(JCC) President Nael Kabariti said in a statement that the CBJ's move to raise the program to JD700 million from JD500 previously will reflect positively on the commercial and services sectors and will help them address the pandemic's fallout.

However, Kabariti called on banks to reduce the collateral requirements and lending conditions and facilitate SMEs access to loans and other credit facilities. He also urged the CBJ to further ease access to the program and expand the beneficiary base.