Ammon News - The Jordan Loan Guarantee Corporation (JLGC) provided export credit guarantees valued at JD199 million in 2022, an increase of 13 percent from the JD176 million reported in 2021.
About JD141.6 million of the guaranteed goods were exports from the mining industry. Other industries that benefited from the credit guarantee program included food, chemicals, textiles, and garments.
The exports of firms participating in the JLGC’s export credit guarantee program hit the markets of more than 40 countries, with the majority going to Switzerland, Saudi Arabia, Egypt, Morocco, and Singapore.
By shielding them from commercial risks like the bankruptcy or insolvency of the buyer as well as non-trade risks like political risks, the Export Credit Guarantee Program aims to help Jordanian exporters increase sales in foreign markets, both current and potential.
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